Saturday, 18 April 2015
Last updated 9 hours ago
May 13 2013 | 1:36pm ET
Hedge funds are bouncing this month after suffering net redemptions in April.
The SS&C GlobeOp Capital Movement Index returned to positive territory this month at 0.63%. The figure represents the monthly net of subscriptions and redemptions for hedge funds administered by the GlobeOp platform.
"Subscriptions outpaced redemptions for the month of May, whereas capital activity volume was generally down from prior monthly levels," SS&C Technologies CEO Bill Stone said. The Capital Movement Index has been positive in three out of five months this year.
In addition, SS&C said that hedge fund returned 1.44% in April, based on its SS&C GlobeOp Hedge Fund Performance Index.
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…