Hedge Funds Record Positive Flows In Oct.

Nov 14 2012 | 11:34am ET

Investors added to their hedge fund portfolios in October, according to the SS&C GlobeOp Capital Movement Index.

The benchmark rose 0.54% in the month ended Nov. 1. SS&C CEO Bill Stone said that such moves are to be expected at this time of the year, especially when hedge funds are performing relatively well: SS&C's Hedge Fund Performance Index ticked up 0.13% in October, while the broader markets generally took a hit.

"Overall capital activity remains consistent with previous years as hedge funds enter the last quarter with positive capital flows," Stone said. But in an interview with Reuters, he suggested that the fate of hedge funds in the fourth quarter remains up in the air.

The run-up to the U.S. presidential election last week, which saw President Barack Obama returned to office, "put a few people on the sidelines," he said. "I think there was a reticence on all financial instruments about where to go." But Obama's re-election could be bad news for hedge funds, as investors may redeem to take profits ahead of tax hikes expected at the beginning of the year.


In Depth

Kettera Q&A: The Advantages of Alternative Investment Platforms

Oct 28 2016 | 5:52pm ET

The past several years have seen a distinct push towards easier and cheaper access...

Lifestyle

Midtown's Plaza District Fades As Manhattan Office Landscape Shifts

Nov 22 2016 | 6:32pm ET

Lower leasing costs, more efficient office space and the hope of projecting an image...

Guest Contributor

Nowhere to Hide: Why the Future of Asset Management Depends on Innovation

Nov 15 2016 | 6:55pm ET

Information technology has reshaped the asset management industry’s periphery,...

 

From the current issue of

Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR