Fri, Apr 25, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Cyprus banking crisis may lead to more hedge fund redemption requests

Thursday, April 11, 2013

From Precy Dumlao, Opalesque Asia – The worsening banking crisis in Cyprus is causing a rise in the number of redemption requests in the hedge funds industry, reported Reuters.

According to the hedge fund administrator SS&C GlobeOp, March’s Forward Redemption Indicator, a percentage of SS&C GlobeOp's hedge fund assets under administration being redeemed, showed that more clients submitted notice of withdrawal. Indeed, the withdrawal requests hit a three-month high in March, as the Indicator measured 4.33%, up from 3.96% in February.

However, SS&C GlobeOp noted that while the banking crisis has led to a rise in demands to exit from hedge funds, inflows to hedge funds also rose in March, an indication that the capital is being transferred from one fund manager to another, instead of moving it out of the industry completely. The SS&C GlobeOp Capital Movement Index, which tracks monthly net subscriptions to and redemptions from funds, measured 149.61 points (1.18% net, inflows 2.......................

To view our full article Click here

Banner
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing
  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: Rainwater and Blue Sky - an Australian water fund emerges[more]

    Bailey McCann, Opalesque New York: Financial reporters often tout new funds and investments as uncorrelated investments, but few can say they are uncorrelated to everything but weather. Enter Blue Sky Alternative's water fund which invests in the permanent rights to Australia's water. Sev

  2. Regulatory – Expect greater SEC scrutiny of hedge funds that share information or collaborate in advance of their trades, Alternative funds to get SEC test for leverage, liquidity[more]

    Expect greater SEC scrutiny of hedge funds that share information or collaborate in advance of their trades From Thelawyer.com: A recent Wall Street Journal article — ‘Activist investors often leak their plans to a favoured few’ — focused attention on ‘activist’ investors and stock analy

  3. …And Finally – This week's least competent criminal is Austrian[more]

    From ABCnews.go.com: A German sought by authorities for alleged fraud has been arrested in Austria — after dropping into a police station to ask officers whether he was under investigation. Police in Salzburg said the 59-year-old man walked into a police station in the city on Friday night. Sp

  4. Investing – Hedge funds find pitfalls along with profits in real estate ventures, Marcato Capital Management makes new bet on Dillard’s[more]

    Hedge funds find pitfalls along with profits in real estate ventures From Law360.com: Hedge funds have joined the rush to real estate deals and development in recent months to close the financing gap left by tightening bank standards, but attorneys say many aren't prepared for the disclo

  5. Agecroft Partners estimates 90% of hedge funds using social media[more]

    The use of social media has increased significantly within the hedge fund industry over the past couple of years. Social media is broadly used by investors as part of their due diligence process on hedge funds, by service providers in their sales efforts to hedge funds, and by hedge funds to enhance