Friday, 1 August 2014
Last updated 4 hours ago
Feb 22 2013 | 1:03pm ET
Hedge fund withdrawal requests have nearly doubled since January, according to SS&C Technologies.
The SS&C GlobeOp Forward Redemption Indicator rose to 3.96% this month. In January, the figure was 2.04%. It was the worst February for redemptions since 2010, when the indicator was at 4.63%.
The Forward Redemption Indicator measures forward redemption notices received by hedge funds administered by SS&C's GlobeOp platform.