Saturday, 18 April 2015
Last updated 2 hours ago
Jul 12 2011 | 7:23am ET
June 2011 saw the highest net hedge fund outflows since October 2009, according to the GlobeOp Capital Movement Index.
The Capital Movement Index was negative 0.2% in July, bringing it to 133.86 points, a decrease of 0.2 points over June 2011.
"July flows again reflected quarterly re-allocations by investors. Outflows slightly exceeded inflows for the month, while total outflows have been remarkably similar on the last four quarterly dates,” said Hans Hufschmid, chief executive officer, GlobeOp Financial Services.
GlobeOp administers $174 billion of assets—approximately 8-10% of the total global hedge fund industry.
The index represents the monthly net of subscriptions and redemptions administered by GlobeOp divided by the total assets under administration by its fund administration clients.
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…