Hedge Fund Redemptions Rise In Sept.

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.


In Depth

FINalternatives Survey: We Asked Investment Pros...

Apr 2 2016 | 9:42pm ET

The data from our annual reader survey continues to roll in and provide interesting...

Lifestyle

Point72's Cohen Donates $275M To Veterans Mental Health Network

Apr 6 2016 | 8:31pm ET

Billionaire hedge fund manager Steve Cohen has formed a non-profit aimed at treating...

Guest Contributor

Agecroft: Why NYCERS Should Reconsider Exiting All Hedge Funds

Apr 18 2016 | 5:51pm ET

The recent decision by the New York City Employment Retirement System to exit its...