Monday, 27 March 2017
Last updated 18 min ago
Mar 21 2012 | 9:47am ET
The GlobeOp Forward Redemption Indicator for March 2012 measured 3.23%, up from 3.14% in February.
“As we approach the end of the first quarter of 2012, forward redemption requests remain lower on a month-to-month basis compared to the first quarter of last year,” said Hans Hufschmid, chief executive officer, GlobeOp Financial Services.
GlobeOp’s data represents approximately 8-10% of the hedge fund industry, with $174 billion in assets under administration. The indicator represents the sum of forward redemption notices received from investors in hedge funds administered by GlobeOp, divided by their AuA at the beginning of the month.