Foreign Listed Hedge Funds

are trading at ridiculous discounts (ala closed-end funds in the US) right now.  Third Point is trading at a 30% discount to NAV (and it was 50% at the end of the year)!

Update: You have to be careful with these funds as they can be illiquid and trade widely around their NAV.  There are also some screwy tax issues if you hold them in a taxable account.  I have written about them lots in the archives, and I have a whole chapter on them in my upcoming book.



FUND Website  
Absolute Return Trust Fauchier Partners
Aida Aida Capital
Alternative Inv. Strategies Close Fund Services/International
Altin AG ($) Alternative Asset Advisors
CMA Global Hedge (€) Capital Management Advisors
Dexion Absolute Dexion Capital/Harris Alternatives
Dexion Alpha Strategies Dexion Capital/RMF Investment
Dexion Equity Alternative Dexion Capital/K2
Dexion Trading Dexion Capital/Permal Group
GS Dynamic Opportunities Goldman Sachs Hedge Fund
Gottex Market Neutral Gottex Fund Management
HSBC European Absolute (€) HSBC Management/HSBC
HSBC Global Absolute (US$) HSBC Management/HSBC
INVESCO Perp Select Hedge INVESCO/Fauchier Partners
KGR Absolute Return Kleinwort Benson (ChannelIslands)/KGR Capital
Opus Alternative Strategies NewFinance Capital
PSolve Alternatives PCC PSolve Alternative Investments
Tapestry Kleinwort Benson (ChannelIslands)/Ramius HVB Partners
Thames River Hedge+ Thames River Capital
AcenciA Debt Strategies Saltus/Sandalwood
F&C Event Driven F&C Management/F&C Partners
FRM Credit Alpha FRM Investment Management/
Saltus Euro Debt Strategies Saltus CI/Saltus Partners LLP
Signet Global Fixed Income Signet Capital Management/
Single Manager/Fund of funds      
Cazenove Absolute Equity Cazenove Capital Management
Close AllBlue BlueCrest Capital Management
Close Man Hedge Man Global Strategies
JPMorgan Progressive Multi-Strategy JPMorgan Asset Management
Single manager hedge funds      
BH Macro (US$) Brevan Howard Offshore
Boussard & Gavaudan (€) Boussard & Gavaudan Asset
MW Tops (€) Marshall Wace
RAB Special Situations RAB Capital
Third Point Offshore (US$) Third Point LLC