Wednesday, 27 May 2015
Last updated 24 min ago
Jan 14 2013 | 1:11pm ET
Hedge fund redemptions hit a one-year high this month, according to SS&C Technologies.
The SS&C GlobeOp Capital Movement Index, which measures net flows into or from hedge funds, fell 2.58%. "We continue to see high volumes of asset movement between funds with both subscriptions into funds as well as redemptions posting 12-month highs and redemptions outpacing subscriptions overall," SS&C CEO Bill Stone said.
Separately, SS&C said its Hedge Fund Performance Index added 1.27% last month, making it one of the few industry benchmarks to show double-digit returns for the year. The index was up 10.32% in 2012.
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…