Reuters – Requests to pull money out of hedge funds rose in June as investors used the mid-year point to review their portfolios and release cash to spend elsewhere.
Hedge fund administrator SS&C GlobeOp’s forward redemption indicator, a monthly snapshot of clients giving notice to withdraw their cash which shows the percentage of assets under administration, stood at 3.88 percent in June, a moderate rise from May’s measurement of 3.77 percent.
