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Spain must pay back 20 billion euros, about $25.6 billion, in bond redemptions in October.
The substantial redemptions in the Endowment Fund follow several years of weak returns.
Earlier this month, Blue River reportedly suspended investor redemptions in its main fund.
After being battered during the financial crisis, and suffering sizable redemptions in its hedge funds, Cerberus has had vast improvements.
However, we are also concerned that Schroders could start to see a greater pace of redemptions in Asia".
The fund companies no doubt will resist such redemptions, in part because it would cost them some management fees.
Although that is small by most measures, and the government may have enough cash to meet redemptions in April, Portugal could struggle to last until June.
Bear Stearns, one of many names not to have survived the intervening five years, had stopped fund redemptions in July, for example.
Figures from AMG Data Services show that international mutual funds suffered $31 billion of redemptions in the third quarter, whereas American-based funds attracted $28 billion of inflows.
The Reserve Fund, an enormous, institutionally held money fund that owned some of the brokerage firm's debt, had to halt redemptions in an investor run.
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They seek refuge, and redemption, in religion.
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