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

bfinance: Fees Falling Across Asset Classes, Yet Overall Investor Costs Still Climbing

May 16 2017 | 9:53pm ET

Despite unprecedented attention on fees, new research from investment consultancy...

Lifestyle

Aston Martin Returns To Debt Market As DB11 Drives Turnaround

Mar 31 2017 | 5:21pm ET

James Bond’s preferred carmaker is returning to the public debt markets for the...

Guest Contributor

Risk-Based Compliance: Why Oversight Of Outsourcing Is Critical

May 10 2017 | 7:02pm ET

Compliance is notoriously one of the trickiest middle office functions for funds...

 

From the current issue of