Friday, 30 January 2015
Last updated 24 min 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.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…