Redemptions Rise, As Always, In May

May 21 2014 | 12:09pm ET

Hedge fund investors headed for the exits at the highest rate of the year this month, according to data from SS&C Technologies.

The SS&C GlobeOp Forward Redemption Index, which measures forward redemption notices received by hedge funds administered by SS&C’s GlobeOp platform, rose more than a full percentage point this month to 4.32%. That is the highest level since December.

The spike in redemptions isn’t a surprise: It’s happened every May since at least 2008. SS&C CEO Bill Stone said most of the redemptions were “typical semi-annual requests.”


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With NFL season on the horizon, it’s time to take a look at our Fantasy Football value picks. Last year, we nailed it on Drew Brees, Jordan Howard, Frank Gore and Dwayne Allen. We missed pretty badly on Duke Johnson, Demaryius Thomas, Mohammed Sanu and Eli Manning.