Bloomberg: A hedge-fund redemption indicator signals pressure as the metric worsened in May vs. a year ago for the second consecutive month. SS&C GlobeOp's Forward Redemption Indicator rose 79 bps from a year earlier to the highest May reading since 2016, driven by a 74-bp jump in notices due in one to two months. Overall, notices due in less than three months rose by 65 bps, while longer notices rose by 14 bps. The metric at 4% is well below the 10.79% in May 2009. Bridgewater, AQR, Man Group, BlackRock and Sculptor are among the largest hedge-fund managers. Goldman Sachs, JPMorgan, UBS and Credit Suisse are also active.