(Reuters) Investor requests to take cash out of hedge funds rose in September after a torrid August when the funds lost nearly 2 percent on average, data released on Monday. The SS&C GlobeOp Forward Redemption Indicator, a snapshot of withdrawal requests expressed as a percentage of assets under administration, rose to 3.8 percent in September from 3.5 percent in August, the data from fund administrator SS&C Technologies showed.
“The bulk of the increase was in longer term planned redemptions, with some concentrated activity among certain funds,” Bill Stone, chairman and chief executive of SS&C Technologies, said in a statement.
