Saturday, 25 April 2015
Last updated 22 hours ago
May 12 2011 | 9:02am ET
Hedge fund flows hit a nine-month high in May, according to the GlobeOp Capital Movements Index, at a positive 2.29%
“After last month’s pause, investors continued their steady return to the hedge fund market,” said Hans Hufschmid, chief executive officer of GlobeOp Financial Services.
May’s gains bring the Capital Movement Index to 132.48 points—just 13.33 points away from its all-time high in September 2008. The Index was based at 100 on December 31, 2005 and has advanced 16.70 points over the past 12 months.
The GlobeOp 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 for GlobeOp’s fund administration clients. Redemptions were slightly greater than subscriptions for the month of April.
GlobeOp administers $167 billion of assets, about 8-10% of the total global hedge fund industry.
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…