SS&C: Hedge Fund Redemptions Spike

Jan 14 2013 | 2:11pm 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.


In Depth

Q&A: Fund Administration Comes To The Cloud

Jul 14 2017 | 7:23pm ET

The fund administration sector has been steadily implementing new technology, such...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Rastegar: PE Real Estate Gains Momentum as Uncertainty Rises

Jul 21 2017 | 6:04pm ET

The steady march of equity markets and fundamental shift in the direction of Fed...

 

From the current issue of