Hedge Fund Redemption Requests Jump In Feb.

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.


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Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

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