Thursday, 28 May 2015
Last updated 5 hours 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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by partcipating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…