Saturday, 20 December 2014
Last updated 18 hours ago
Jun 23 2011 | 8:30am ET
Hedge fund redemptions hit a 2011 high in June, according to data released by GlobeOp on Monday.
The GlobeOp Forward Redemption Indicator rose to 4.01% in June from 3.92% in May.
The June numbers represent the biggest month for withdrawal requests since December 2010, but May redemption requests had already spiked sharply from April, when such requests (expressed as a percentage of GlobeOp’s assets under administration) stood at 2.45%.
Hans Hufschmid, GlobeOp's chief executive officer, doubted weak May returns were behind the June redemption requests: "It's hard to make an argument that people are worried or taking money out because of May performance," he told Reuters.
Most redemption requests in the index were for one-month and under notice periods, reflecting May’s increase in one-to-two month requests. Two-to-three and three-month plus requests also rose slightly.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
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