Wednesday, 3 June 2015
Last updated 11 hours ago
Feb 24 2014 | 11:40am 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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…