Hedge Fund News From HedgeCo.Net

Investors resist hedge fund exodus despite U.S. debt worries: SS&C GlobeOp

Reuters – Requests to pull money out of hedge funds dropped by a fifth in October as investors shrugged off fears that U.S. politicians might fail to end a stalemate on how to tackle a ballooning debt crisis, data on Friday showed.

SS&C GlobeOp’s Forward Redemption Indicator (FRI), a monthly snapshot of hedge fund clients giving notice to withdraw their cash as a percentage of assets under administration, measured 3.36 percent in October, down from 4.21 percent in September.

Read Complete Article

Related Posts Plugin for WordPress, Blogger...
This entry was posted in Syndicated. Bookmark the permalink.

Leave a Reply