Usually is. 45 days before quarter end. Last day for a hedge-fund to request a redemption. A self-fullfilling prophecy to rush for the exits ahead of Friday? Potential lifting of selling pressure after Friday? http://allaboutalpha.com/blog/category/postingcategories/media/
Not necessarily. The cash doesn't have to be available until EOY, just the request to redeem to be in by 11-15.