Thursday, 7 May 2015
Last updated 10 hours ago
Feb 10 2012 | 2:45am ET
Suffering their second-worst year ever didn't hit hedge funds where it hurts in January, according to a new report.
Investor redemptions fell to a record low in January, according to the GlobeOp Capital Movement Index. Gross outflows were just 0.53% on the month, while net inflows rose to 2.25%, the best figure since September.
GlobeOp Financial Services CEO Hans Hufschmid attributed the numbers in part to portfolio rebalancing and reallocation. But, he said, there could be other factors.
"It could well be that in zero interest rate environment and a challenging equity market, a diversified portfolio of hedge fund investments in becoming an ever-more attractive alternative," he told Reuters. "Investors remain committed to the hedge fund sector."
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…