Wed, Jul 1, 2015
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

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: New systematic strategy managed alongside research firm outperforms S&P500[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: An emerging CTA manager explains how he runs his strategy, which is based on an index produced by a research firm. Peter Turk is head of

  2. Larry Robbins' hedge fund Glenview buys 1m Tenet Healthcare shares[more]

    Komfie Manalo, Opalesque Asia: Glenview Capital Management said it bought an additional 979,482 shares at Tenet Healthcare Corp valued at $53.80 million, raising its stakes in the healthcare services company to 15.16%, reported

  3. Hedge funds panic over Greece[more]

    Komfie Manalo, Opalesque Asia: Some investors are in panic mode as Greek Prime Minister Alexis Tsipras announced Sunday night that the banks and the stock market would be closed Monday, said

  4. Alternative investment industry could grow to $13.6tln in five years[more]

    Komfie Manalo, Opalesque Asia: Leading auditing and advisory group PwC said that the global alternative investment industry, which includes hedge funds, private equity and real assets, is set to increase to $13.6tln within the next five years. "Be

  5. Qbasis gets $200m-plus investment in 'black swan' hedge fund[more]

    From Reuters.com: A hedge fund that more than doubled clients' money during the 2008 financial crisis has attracted more than $200 million from an investor aiming to cash in on fresh ructions in global markets. Qbasis Invest has secured the investment from Britain's Omada Capital, Florian Wagner, wh

 

banner