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Hedge Fund Forward Redemptions at 3.14% up from 1.85% in January

Date: Wednesday, February 22, 2012
Author: Alex Akesson, HedgeCo.Net

New York (HedgeCo.net) – Hedge fund administrator GlobeOp Financial Services announced that its Forward Redemption Indicator for February shows notifications at 3.14%, up from 1.85% in January.  In line with seasonal adjustment the data continues to reflect the trend of very low redemption levels.

“Seasonally adjusted, February continues the recent trend of very low redemption levels,” said Hans Hufschmid, chief executive officer, GlobeOp Financial Services.

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.

GlobeOp’s data represents approximately 8-10% of the hedge fund industry, with $173 billion in Assets under Administration.

Editing by Alex Akesson
For HedgeCo.net