GlobeOp, a hedge fund services firm, reported that more investors are asking to redeem their investments. The Forward Redemption Indicator had increased to 4.01% on June 15th. This continued the trend since April when the figure was 2.45% and May when the figure was 3.92%. There were two theories about the increase. July 1st is when most funds re-allocate their portfolio and the withdrawals are part of the normal business cycle. The other theory is that the surprising fall in commodity prices in May destroyed the returns of many funds. Investors were taking money out due to the poor performance.
The source for the article can be accessed here.
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