Tuesday, 5 May 2015
Last updated 4 hours ago
Oct 12 2011 | 10:34am ET
Investors still have faith in hedge funds, despite a rocky third quarter.
The GlobeOp Capital Movement Index, which measures hedge fund flows, advanced 0.31% in October.
Cumulatively, the index stood at 137.46 points in October, up 0.31 points from September 2011. The index has advanced 14.26 points over the past 12 months.
“Hedge fund investors remain committed,” said Hans Hufschmid, CEO of hedge fund administrator GlobeOp. “After a double-digit decline in equities over the quarter, alternative investments continue to hold their attraction.”
The index represents the monthly net of hedge fund subscriptions and redemptions divided by the total assets under administration by GlobeOp’s 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…