Withdrawal Requests Rise In February

Feb 24 2014 | 12:40pm ET

Hedge fund redemption requests rose this month, but remain in line with past numbers for February, according to SS&C Technologies.

The SS&C GlobeOp Forward Redemption Indicator ticked up to 3.38% this month from 2.67% last month. But the increase is nothing to be alarmed about, SS&C CEO Bill Stone said.

"Redemption requests increased slightly for the month, but remain consistent with the February historical averages," he said.

The indicator measures forward redemption notices received by hedge funds administered by SS&C's GlobeOp platform.


In Depth

Don’t Overlook These 6 Hybrid Cloud Concerns

Sep 14 2017 | 6:27pm ET

Cloud-based technology solutions have made tremendous inroads into the alternative...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Cash: An Asset In Adolescence

Aug 31 2017 | 3:34pm ET

If the investment industry has a rebellious teenager in the house today, that teenager...