Monday, 25 July 2016
Last updated 3 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.