Redemptions Drop To Historic Low, New Index Shows

Apr 21 2011 | 11:14am ET

Hedge fund redemption requests fell to near an all-time low this month, according to a new report from GlobeOp Financial Services.

The hedge fund administrator's new Forward Redemption Index fell to just 2.45% on April 15, 81 basis points lower than it had been on March 20. The index stood at 19.27% in November 2008 at the height of the financial crisis, and at 2.83% a year ago.

"The indicator is near its all-time low when measured over the past three years, and reflects continued improvement in investor confidence," CEO Hans Hufschmid said.

GlobeOp, which unveiled the new metric earlier this month, will release next month's forward index on May 23.


In Depth

Virtu Celebrates Another Year Without a Single Day of Losses

Feb 26 2015 | 9:05am ET

High-frequency trading firm Virtu Financial Inc. reported another year without a...

Lifestyle

Hedge Fund Manager Out as Minnesota Wild Minority Owner

Feb 25 2015 | 2:45pm ET

New York hedge fund manager Philip Falcone is no longer a minority owner of the...

Guest Contributor

Risk: How To Get In Front Of The Problem

Feb 26 2015 | 9:53am ET

In considering the topic of risk in the hedge fund world, specifically, the oversight...

 

Editor's Note