Tuesday, 26 May 2015
Last updated 11 min ago
Nov 21 2011 | 7:56am ET
The GlobeOp Forward Redemption Indicator for November 2011 measured 3.44%, up from 2.51% in October.
“We expect fund redemption requests to increase as year-end approaches,” said Hans Hufschmid, chief executive officer, GlobeOp Financial Services. “January is typically the largest month as investors rebalance their portfolios. Redemptions this year are similar to 2010 and there are no signs of unusual investor activity.”’
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…