Hedge Fund Redemptions Rise In November

Nov 21 2013 | 10:47am ET

Investors moved to pull more money from hedge funds this month than last, according to hedge fund administrator SS&C Technologies.

The SS&C GlobeOp Forward Redemption Indicator, which measures forward redemption notices received by hedge funds on SS&C's GlobeOp platform, jumped to 5.09% this month. In October, the number was 3.36%.

"In line with historical averages, redemption requests increased for the month of November, reflecting year-end investor rebalancing," SS&C CEO Bill Stone said.


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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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