Saturday, 25 April 2015
Last updated 16 hours ago
Sep 21 2012 | 11:46am ET
Hedge fund investors headed for the exits in September in greater numbers than at any other point this year.
The SS&C GlobeOp Forward Redemption Indicator rose to 3.76% this month, up from 3.34% in August and 3.11% in September 2011. The figure represents redemption requests as a portion of SS&C GlobeOp's assets under administration, which totaled about $187 million, or between 8% to 10% of global hedge fund assets.
"Forward redemptions slightly increased in September, which is typical as we approach quarter-end, but redemption notices still remained at moderate levels, indicating that alternative investments continue to hold their attraction," SS&C Technologies CEO Bill Stone said.
Hedge funds are up, on average, this year, industry indices show. But they badly lag the broader markets.
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…