Hedge fund exits rise in June as investors reposition at mid-year

From 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.

Bill Stone, chairman and SS&C Technologies CEO described the June increase as "typical semi-annual redemption activity", such as investors freeing up cash to spend on summer holidays…

Throw another shrimp on the Barbie or find out more at http://uk.reuters.com/article/2013/06/21/uk-hedge-fund-exits-idUKLNE95K00G20130621