JPM: risk of a wave of heavy hedge fund redemptions low
1. Risk of a wave of heavy hedge fund redemptions causing a double dip in equity markets similar to March 2009 is low in the current conjuncture.

2. The anecdotal evidence we have from our conversations with our colleagues in Prime Finance business as well as investors and fund administrators over the past few days does not point towards an extreme redemption wave. In addition, it appears that most allocators are waiting until the very end of the month before they take action. This favors hedge funds, given the recovery in HF performance seen this week