Sunday, 26 April 2015
Last updated 1 day ago
May 23 2011 | 10:44am ET
Hedge fund forward redemptions were up slightly in May 2011, but the change—from 2.45% in April to 3.92% this month—is not necessarily significant, according to GlobeOp Financial Services.
“Although the [GlobeOp Forward Redemption] indicator increased in May there is no reason to believe that this signals a change in investor sentiment,” said Hans Hufschmid, GlobeOp CEO.
May forward redemptions represent the highest level so far this year but are lower than the peak of 4.59% seen in December 2010. Forward redemptions are requests from investors to withdraw an investment in the hedge fund.
GlobeOp’s data represents approximately 8-10% of the hedge fund industry, that is, funds with total assets under administration of $167 billion.
The GlobeOp Forward Redemption Indicator represents the sum of forward redemption notices received from investors in hedge funds administered by GlobeOp, divided by 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…