Tuesday, 28 April 2015
Last updated 9 hours ago
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.
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…