Advertisement
UK markets closed

  • NIKKEI 225

    38,460.08
    +907.92 (+2.42%)
     

  • HANG SENG

    17,201.27
    +372.34 (+2.21%)
     

  • CRUDE OIL

    82.72
    -0.64 (-0.77%)
     

  • GOLD FUTURES

    2,339.00
    -3.10 (-0.13%)
     

  • DOW

    38,388.65
    -115.04 (-0.30%)
     

  • Bitcoin GBP

    52,040.60
    -1,579.18 (-2.95%)
     

  • CMC Crypto 200

    1,397.02
    -27.08 (-1.90%)
     

  • NASDAQ Composite

    15,677.92
    -18.72 (-0.12%)
     

  • UK FTSE All Share

    4,374.06
    -4.69 (-0.11%)
     
Money:

The five essential pieces of financial paperwork you must never lose

Mislaying key documents can cause real headaches, so it’s worth tracking down these most commonly-lost bits of paperwork

Hedge fund exit requests rise in August

Reuters - UK Focus

LONDON, Aug 20 (Reuters) - Investor (Other OTC: IVSBF - news) requests to pull out money from hedge funds rose in August, according to data released on Wednesday, an increase typically seen at this time of year.

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, rose to 4.19 percent in August from 3.15 percent in July.

"Redemption notifications increased by about 1 percent for the month, but remain moderate and in line with activity this time last year," said Bill Stone, chairman and chief executive officer, SS&C Technologies (NasdaqGS: SSNC - news) .

Exit requests have risen during August from the previous month every year since 2009, the data showed.

The index is compiled by fund administrator SS&C Technologies Holdings Inc and is based on data provided by its fund clients, who represent about 10 percent of the assets invested in the hedge fund sector, or about $300 billion. (Reporting by Nishant Kumar; editing by David Clarke)