Thursday, 26 November 2015
Last updated 10 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.
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…