Hedge fund investors are voting with their feet in a big way
this month.
Redemption requests hit a three-year high in December,
according to SS&C GlobeOp's Forward Redemption Indicator. The withdrawal
yardstick ticked up to 6.19% of assets under administration this month; it was
4.58% last December.
And while hedge funds' middling performance this year
undoubtedly played a role, fears of a fiscal cliff and big tax hike on Jan. 1
may also be motivating redeemers…..
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