GlobeOp: Hedge Funds Gain $3B In March

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."


In Depth

Debunking Conventional Investment Wisdom

Feb 8 2017 | 3:22pm ET

Due diligence in the hedge fund world has long involved some combination of the...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

iCapital Network: The Trump Effect On Direct Lending

Feb 23 2017 | 4:21pm ET

The arrival of the Trump Administration has raised questions among private debt...

 

From the current issue of