Tuesday, 30 September 2014
Last updated 15 hours ago
Mar 21 2013 | 12:24pm ET
Investors filed more redemption notices this month than last, in line with expectations for the end of a quarter. But worries over Cyprus could push withdrawals even higher next month.
The SS&C GlobeOp Forward Redemption Indicator, which measures forward redemption notices received by hedge funds administered on the GlobeOp platform, ticked up to 4.33% this month. It was at 3.96% last month.
"March redemption activity increased slightly from February, reflecting heightened quarter-end activity," SS&C Technologies CEO Bill Stone said.
But the troubles in Cyprus, which this week rejected a European Union bailout deal that would have required a tax on bank deposits, have investors worried, meaning that April could see even bigger outflows.
"There's been volatility in markets, so you're going to see fund redemptions correlated with what's happening there," Stone told Reuters. "Cyprus has had an impact on short-term thinking."
Stone said he expects April's indicator to be higher than March's, with concerns about Cyprus combining with tax day in the U.S.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
The trading world is inundated with strategies and techniques. Here’s one way traders can get a handle on information overload.