Hedge fund exit requests drop to nine-month low

Reuters – Investor requests to pull money out from hedge funds dropped to a nine-month low in October, new data released on Monday showed.

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, fell to 3.12 percent in October from 3.25 percent in September.

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