Confidence in hedge funds slightly dips in June 24 June 2013Connecticut Reporter: Georgina Lavers
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The SS&C GlobeOp Forward Redemption Indicator for June 2013 measured 3.88 percent, up from 3.77 percent in May.
“The indicator increased slightly for the month of June and is comprised primarily of typical semi-annual redemption activity,” said Bill Stone, chairman and CEO of SS&C Technologies.
The SS&C GlobeOp Forward Redemption Indicator calculates the amount of clients giving notice to withdraw their cash from hedge funds for each month.
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