24 Oct 2011
GlobeOp Financial Services has measured forward redemption for October 2011 as 2.51%, down from 3.11% in September 2011. The data suggests investors are continuing to invest in hedge funds, as market volatility has left few other investment options.
GlobeOp’s data represents approximately 8-10% of the hedge fund industry, with $171 billion in assets under administration.
The indicator represents the sum of forward redemption notices received from investors in hedge funds administered by GlobeOp, divided by the AuA at the beginning of the month for GlobeOp fund administration clients. Forward redemptions as a percentage of GlobeOp assets under administration have trended significantly lower since reaching a high of 19.27% in November 2008.
“Forward hedge fund redemptions continue to be low on a historic basis,” said Hans Hufschmid, chief executive officer, GlobeOp Financial Services (LSE:GO.). “Although small, this month records the first year-on-year increase since 2009. Reflecting seasonality, November and December indicate substantially lower redemptions than October, the first month of the quarter. We will gain more insight next month as investors prepare for their year-end portfolio allocations.”
GlobeOp’s data represents approximately 8-10% of the hedge fund industry, with $171 billion in assets under administration.
The indicator represents the sum of forward redemption notices received from investors in hedge funds administered by GlobeOp, divided by the AuA at the beginning of the month for GlobeOp fund administration clients. Forward redemptions as a percentage of GlobeOp assets under administration have trended significantly lower since reaching a high of 19.27% in November 2008.
