Wednesday, 20 August 2014
Last updated 2 hours ago
Sep 21 2012 | 11:46am ET
Hedge fund investors headed for the exits in September in greater numbers than at any other point this year.
The SS&C GlobeOp Forward Redemption Indicator rose to 3.76% this month, up from 3.34% in August and 3.11% in September 2011. The figure represents redemption requests as a portion of SS&C GlobeOp's assets under administration, which totaled about $187 million, or between 8% to 10% of global hedge fund assets.
"Forward redemptions slightly increased in September, which is typical as we approach quarter-end, but redemption notices still remained at moderate levels, indicating that alternative investments continue to hold their attraction," SS&C Technologies CEO Bill Stone said.
Hedge funds are up, on average, this year, industry indices show. But they badly lag the broader markets.
Aug 4 2014 | 7:42am ET
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The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note