Hedge fund exit requests jump after lacklustre year | Reuters

Hedge fund exit requests jump after lacklustre year
| Reuters

Hedge fund administrator SS&C GlobeOp's forward redemption indicator, a monthly snapshot of clients giving notice to withdraw their cash as a percentage of assets under administration, measured 6.19 percent in December.
This was the highest level since September 2009 and almost double the level just two months ago. A year ago, the index measured 4.58 percent.
After a tough time during the credit crisis, hedge funds have managed to avoid a third year of losses in five in 2012, but their gains have lagged stock market indexes.
The average hedge fund was up 4.89 percent in the first 11 months, according to Hedge Fund Research's HFRI index, compared with a 14.94 percent total return from the S&P 500