IDD reports that there may signs of life when it comes to the $100 billion in "sidelined" hedge fund assets. A secondary market for these assets is apparently starting to percolate. We may see some vulture-like funds come swooping in, though it must be said that the secondary market for private equity assets has been low key.

For hedge fund assets, discounts are running up to 60 percent. It's unclear if sellers are growing more motivated or less. But people seem to be taking note of the market for hedge fund assets. SecondMarket, a trading and research outfit, expanded into "the LP interest market" earlier this year. Small banks like Cogent Partners are also trying to broker deals. We'll see how all this fares. 

For more:
- here's the IDD article

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