Saturday, 25 April 2015
Last updated 11 hours ago
Oct 21 2011 | 9:37am ET
The GlobeOp Forward Redemption Indicator for October 2011 measured 2.51%, down from 3.11% in September.
“Forward hedge fund redemptions continue to be low on a historic basis,” said Hans Hufschmid, chief executive officer, GlobeOp Financial Services. “Although small, this month records the first year-on-year increase since 2009. Reflecting seasonality, November and December indicate substantially lower redemptions than October, the first month of the quarter. We will gain more insight next month as investors prepare for their year-end portfolio allocations.”
GlobeOp’s data represents approximately 8-10% of the hedge fund industry, that is, funds with total assets under administration of $171 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…