Hedge Fund Redemptions Rise In May

May 23 2011 | 10:44am ET

Hedge fund forward redemptions were up slightly in May 2011, but the change—from 2.45% in April to 3.92% this month—is not necessarily significant, according to GlobeOp Financial Services.

“Although the [GlobeOp Forward Redemption] indicator increased in May there is no reason to believe that this signals a change in investor sentiment,” said Hans Hufschmid, GlobeOp CEO.

May forward redemptions represent the highest level so far this year but are lower than the peak of 4.59% seen in December 2010. Forward redemptions are requests from investors to withdraw an investment in the hedge fund.

GlobeOp’s data represents approximately 8-10% of the hedge fund industry, that is, funds with total assets under administration of $167 billion.

The GlobeOp Forward Redemption Indicator represents the sum of forward redemption notices received from investors in hedge funds administered by GlobeOp, divided by assets under administration at the beginning of the month.


In Depth

Bob Doll's Ten Market Predictions For 2016

Jan 7 2016 | 9:37pm ET

Well-known market strategist Robert Doll has published his annual list of ten predictions...

Lifestyle

Citadel's Ken Griffin Donates $40M To New York's Museum of Modern Art

Dec 22 2015 | 9:23pm ET

Citadel founder Ken Griffin has donated $40 million to New York’s Museum of Modern...

Guest Contributor

Hedge Fund Marketing - Making the Most of Your Salesperson

Jan 20 2016 | 8:11pm ET

In this contributed article, Bruce Frumerman of Frumerman & Nemeth takes a close...