Tuesday, 21 April 2015
Last updated 9 hours ago
Apr 12 2011 | 9:19am ET
Hedge fund redemptions were slightly greater than subscriptions for the month of April, with the GlobeOp Capital Movement Index at negative 0.05% for the month. The GlobeOp Forward Redemption Indicator declined slightly to 3.26% during the month of March.
“Investor sentiment remained calm during the reporting period, despite events in Japan and in the Middle East” said Hans Hufschmid, chief executive officer of GlobeOp Financial Services.
The Capital Movement Index represents the monthly net of subscriptions to and redemptions from hedge funds administered by GlobeOp, divided by the total assets under administration the firm’s client funds.
Cumulatively, the index April 2011 stands at 130.19 points, down 0.05 points from March 2011. The index was based at 100 on December 31, 2005 and has advanced 17.19 points over the past 12 months.
The forward redemption indicator totals forward redemption notices received from investors in hedge funds administered by GlobeOp and divides the total by the funds’ assets under administration at the beginning of the month.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…