Pressure on hedgies shows sign of easing

City A.M. Reporter
INVESTOR demands to pull money out of hedge funds fell in April, data showed yesterday, in a sign that renewed volatility in financial markets may not be piling fresh pressure on more clients to quit the sector.

The GlobeOp Forward Redemption Indicator, a monthly snapshot of clients giving notice to withdraw their cash as a percentage of GlobeOp’s assets under administration, measured two per cent in April, down from 3.23 per cent in March but slightly above an all-time low of 1.85 per cent in January.

“April’s forward redemptions dropped to two per cent, the second lowest month on record and the lowest April in the history of the Indicator,” said GlobeOp Financial Services boss Hans Hufschmid.