Sat, Oct 10, 2015
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. U.S. hedge funds prepare for worst finish this year since 2008[more]

    Komfie Manalo, Opalesque Asia: U.S.-focused hedge funds are preparing for their worst year since the 2008 global financial crisis, following a series of letdown including the market sell-off in August and the sell-off in healthcare and biotechnology sectors last month, reported

  2. Investing - AQR Capital and Renaissance Technologies raise stakes in Southwest Airlines[more]

    From In the previous part of this series, we saw how institutional investors played Southwest Airlines (LUV) in 2Q15. Now let’s move on to the trades executed by key hedge funds in Southwest Airlines over the same period. … Most of the hedge funds that had significant exposu

  3. Manager Profile - Pimco alternative funds flourish as 30-year bond rally fades[more]

    From Inside Pacific Investment Management Co., the bond behemoth that lost two chief investment officers last year and saw almost $500 billion of client money leave, a hidden profit engine is easing some of the pain. For more than a decade, Newport Beach, California-based Pimco has qu

  4. Niche Investing - Art investment funds: Attracting institutional and other new investors[more]

    From The Deloitte/ArtTactic Art and Finance Report 2014 (the "Art and Finance Report") noted that the "global art investment fund market was estimated to be worth at least $1.26 billion in the first half of 2014." This seems almost inconsequential when juxtaposed with the $54 billion of

  5. DoubleLine’s Jeffrey Gundlach warns of another round of market shakedown[more]

    Komfie Manalo, Opalesque Asia: DoubleLine Capital co-founder Jeffrey Gundlach is painting a bleak future as he warned that the U.S. equity market and other risk markets, such as high-yield "junk" bonds, are facing another round of selling pressure. Gundlach said in an interview with