In June, requests to pull out cash from hedge funds increased. This was after investors used the mid-year point to review fund portfolios and release cash to spend elsewhere.

SS&C GlobeOp, a hedge fund administrator, stated in its forward redemption indicator a monthly snapshot of clients. The notice to withdraw their cash showed the percentage of assets under a fund administration. It stood 3.88% in June which is a moderate rise from May's measurement of 3.77%.

Chairman and CEO for SS&C Technologies, Bill Stone described the June increase as typical semi-annual redemption activity. He said that investors freed their cash to spend on summer holidays.

Hedge funds have profited from a sharp rally in financial markets. This was since last summer however some investors are disappointed that many of these funds have failed match equity markets.

Stone said that speculation that central banks would scale down their asset purchasing programs could impact funds. This is because investors were holding on to their cash until a decision was arrived.