LONDON Aug 20 Investor requests to pull out
money from hedge funds rose in August, according to data
released on Wednesday, an increase typically seen at this time
The SS&C GlobeOp Forward Redemption Indicator, a
snapshot of hedge fund clients giving notice to withdraw cash
expressed as a percentage of assets under administration, rose
to 4.19 percent in August from 3.15 percent in July.
"Redemption notifications increased by about 1 percent for
the month, but remain moderate and in line with activity this
time last year," said Bill Stone, chairman and chief executive
officer, SS&C Technologies.
Exit requests have risen during August from the previous
month every year since 2009, the data showed.
The index is compiled by fund administrator SS&C
Technologies Holdings Inc and is based on data provided by its
fund clients, who represent about 10 percent of the assets
invested in the hedge fund sector, or about $300 billion.
(Reporting by Nishant Kumar; editing by David Clarke)