George Town, Cayman Islands, September 06, 2009 --(PR.com
)-- The company said client subscriptions were more than $850 million in July and nearly that much in August, marking the first month since September 2008 to exceed that level.
Redemptions of client funds are only $70 million so far in August, sharply down from $104 million in July, and GHF Group's schedule of forward redemptions shows "a substantial reduction compared to 2008 and early 2009 levels."
Reporting its first-half results, GHF Group said it has a "promising" pipeline of new assets to administrate, comprising of tens of millions of dollars from possible new client launches.
GHF Group said it is seeing sustained investor demand for greater transparency from funds.
Global Hedge Fund Group Ltd. (GHF Group) has been developing customized alternative investment solutions and providing corresponding advisory services since 2000. Our priority lies with hedge funds and private equity. All products are designed to provide sustainable and above-average rates of return. Instability and risk are reduced by well-structured investment strategies whose clarity and success are established. Our team of competent professionals has the distinction of reliability, effectiveness and promptness. GHF Group's expertise in hedge funds is enhanced by a close association with leading research firms, successful hedge fund managers, and brokerage houses whose macro research gives its research team an edge in understanding world market trends, enabling them to make better hedge-fund allocation decisions. For more information, visit Global Hedge Fund Group’s website at ghfgroup.net.
This news release may contain forward-looking statements, as defined by securities laws, including statements about the financial outlook and business environment. Any such statements are based on current expectations and involve a number of risks and uncertainties. Important factors, including those mentioned in this news release, that could cause actual results to differ materially are set forth in the company’s current annual report and subsequent filings. They include risks and uncertainties relating to the pace at which GHF Group adds new clients or at which existing clients use additional services, the value of global and regional financial markets, and the dynamics of the markets GHF Group serves. GHF Group encourages investors to review filings in conjunction with this announcement and prior to making any investment decision. The forward-looking statements contained in this news release speak only as of the date of release, and the company does not undertake to revise those forward-looking statements to reflect events after the date of this release.