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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.

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