Tuesday, 21 April 2015
Last updated 36 min ago
Jul 14 2014 | 5:19am ET
Portfolio rebalancing took its toll on the hedge-fund industry last month.
The SS&C GlobeOp Capital Movement Index dropped 1.77% in June, its largest decline in six months. The hedge fund administrator said that the index, which represents net subscriptions or redemptions to hedge funds on its GlobeOp platform, said such a dip is to be expected at the half-way point of the year.
“Due to semi-annual redemptions, net flows were negative for the month and represent a new six-month low,” SS&C Technologies CEO Bill Stone said.
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…