Monday, 26 September 2016
Last updated 6 min ago
Feb 21 2012 | 8:05am ET
Hedge fund forward redemptions were up in February 2012—to 3.14% from 1.85%, according to GlobeOp Financial Services.
“Seasonally adjusted, February continues the recent trend of very low redemption levels,” said Hans Hufschmid, GlobeOp chief executive officer. Forward redemptions as a percentage of GlobeOp assets under administration have trended significantly lower since reaching a high of 19.27% in November 2008.
The GlobeOp Forward Redemption Indicator represents the sum of forward redemption notices received from investors in hedge funds administered by GlobeOp, divided by their assets under management at the beginning of the month.