GlobeOp: Hedge Fund Redemptions Rise In November

Nov 21 2011 | 7:56am ET

The GlobeOp Forward Redemption Indicator for November 2011 measured 3.44%, up from 2.51% in October.

“We expect fund redemption requests to increase as year-end approaches,” said Hans Hufschmid, chief executive officer, GlobeOp Financial Services. “January is typically the largest month as investors rebalance their portfolios. Redemptions this year are similar to 2010 and there are no signs of unusual investor activity.”’

GlobeOp’s data represents approximately 8-10% of the hedge fund industry, that is, funds with total assets under administration of $171 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.

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