Tuesday, 1 December 2015
Last updated 1 hour ago
Apr 11 2013 | 12:12pm ET
Investors redeemed more money from than they added to hedge funds this month.
The SS&C GlobeOp Capital Movement Index, which measures the monthly net of hedge fund subscriptions and redemptions among funds administered by SS&C Technologies' GlobeOp platform, fell 1.22% this month. The decline follows net inflows in both February and March.
"April brings higher capital activity volume with redemptions outpacing subscriptions, which is in line with last month's slightly higher Forward Redemption Indicator," SS&C CEO Bill Stone said.
SS&C also said that its SS&C GlobeOp Hedge Fund Performance Index showed that the average hedge fund gained 1.22% last month, a far cry from the 3.6% jump by the Standard & Poor's 500 Index.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…