January 2012 hedge fund redemption notifications were lower than they’ve been since GlobeOp began publishing its Forward Redemption Indicator in 2008.
The indicator stood at 1.85% in January, down from 4.58% in December.
“While January notifications are typically lower than December, this year is also substantially lower than the January 2011 requests of 2.79%,” said Hans Hufschmid, chief executive officer, GlobeOp Financial.
GlobeOp suggests the January figure could reflect “typical seasonal reallocation of investments,” as investors take out money in January to “redeploy” it in February and March.
GlobeOp’s data represents approximately 8-10% of the hedge fund industry, with $173 billion in assets under administration.