Saturday, 1 November 2014
Last updated 16 hours ago
Nov 21 2013 | 10:47am ET
Investors moved to pull more money from hedge funds this month than last, according to hedge fund administrator SS&C Technologies.
The SS&C GlobeOp Forward Redemption Indicator, which measures forward redemption notices received by hedge funds on SS&C's GlobeOp platform, jumped to 5.09% this month. In October, the number was 3.36%.
"In line with historical averages, redemption requests increased for the month of November, reflecting year-end investor rebalancing," SS&C CEO Bill Stone said.
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…
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