Friday, 9 October 2015
Last updated 2 hours 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.
Oct 7 2015 | 4:57am ET
Charity A Leg To Stand On (ALTSO) will hold its 12th Annual Hedge Fund Rocktoberfest – NYC on October 15 and its 4th Annual Rocktoberfest - Chicago on October 22. Read more…