hedgebay trading


We are a technology enabled, preeminent provider of secondary liquidity across a wide spectrum of illiquid assets and have been successful sourcing, effecting and settling billions of dollars of transactions.

Our Capabilities

Hedgebay’s dynamic platform is built on proprietary technology that addresses the diverging needs of the many participants in the market.

Diagram Diagram

Asset Class Focus

Partnership Interests
  • Private Equity
  • Hedge Fund
  • Real Estate
  • Oil And Gas
Shares in
Private Companies
  • Unicorns (Late Stage VC)
  • Closely Held Businesses
  • Esoterics
Distressed Bonds
& trade Claims
  • Corporate Defaults
  • Trade Claims
  • Bankruptcies
  • Classic Cars
  • Mineral Rights
  • Litigation Finance
  • IP/Royalties/Patents
Shares in Restricted
Public Equities
  • 144
  • 144 A
Partner Interests
  • Direct
  • Funds of
  • Financings
  • Revenue share/seed


  • Jared

    President, Managing Partner
    Hedgebay Securities LLC

    Jared Herman is the President of Hedgebay Securities LLC, an SEC and FINRA broker-dealer specializing in secondary market transactions in order to assist investors and managers with liquidity in the secondary market for private fund interests and other private securities. Jared has more than 25 years’ experience in the alternative asset industry and is one of the pioneers in the secondary market space for hedge funds as a founder of Hedgebay Holdings LLC and www.hedgebay.com in 1999.

  • JR

    General Counsel,
    Hedgebay Securities LLC

    J.R. Lederer joined Hedgebay Securities in October of 2017 as the firm’s General Counsel. He brings over 11 years’ experience practicing law, having started his career in the New York office of Skadden Arps Slate Meager and Flom LLP focusing on restructuring and corporate finance. Thereafter, J.R. spent time working in house for an SEC registered investment manager who managed a multi-billion dollar equity long short fund.

  • Andrew

    Managing Director, Chief Financial Officer,
    Chief Compliance Officer
    Hedgebay Securities LLC

    Andrew Kurian - (CRCP)® joined Hedgebay Securities in May of 2013 as the firms Fin-Op CFO and Chief Compliance Officer. Andrew was appointed to Finra’s Small Firm Advisory Committee (SFAC) representing the North East region. He brings over 20 years experience in the securities business, including trading as a specialist on the floors of the NYSE and the Deutsche Borse in Frankfurt, Germany where Andrew was instrumental in introducing and developing electronic arbitrage trading platforms.

  • Puneet

    Head of Operations,
    Hedgebay Securities LLC

    Puneet Chadha joined Hedgebay Securities in August of 2018 as the firm’s Head of Operations. He brings over 14 years’ of experience in operations, including roles at Bank of America - Merrill Lynch - GE Capital - Citi Private Bank - Man Group.