(Reuters) Investors flagged their intention to shift less money out of hedge funds in October after market volatility eased, data released on Tuesday showed. The SS&C GlobeOp Forward Redemption Indicator, withdrawal requests expressed as a percentage of assets under administration, fell to 3 percent from September’s 3.8 percent, data from fund administrator SS&C Technologies showed.
The reversal suggested the bulk of investors’ portfolio rebalancing in the face of elevated market volatility had been accomplished, said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies.
