Tuesday, 30 September 2014
Last updated 3 hours ago
Apr 27 2009 | 12:34pm ET
Hedge fund administrator GlobeOp Financial Services said that its assets under administration began to rebound in the firest quarter.
The firm added US$3 billion in new assets over the first three months of the year, bringing its total assets under administration to US$91 billion.
”New clients with AuA of nearly US$12 billion, along with new funds from existing clients of US$5 billion and subscription inflows of US$3 billion, offset first quarter redemptions and terminations, which we knew would be substantial, as referenced in our 2008 preliminary results announcement,” said CEO Hans Hufschmid.
”In addition," Hufschmid said, "client fund performance generated over $1 billion, a positive sign that hedge fund managers may have begun adapting to the changing market environment."
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…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...