GlobeOp: Hedge Fund Redemptions Fall In July

Jul 20 2012 | 9:17am ET

The GlobeOp Financial Forward Redemption Indicator for July shows notifications of 2.18%, down from 3.71% in June.

"Forward redemptions remain low, this month's percentage being one of the lowest in the history of the Indicator,” said Bill Stone, chairman and CEO of SS&C Technologies, which recently purchased GlobeOp Financial Services.

The Forward Redemption Indicator represents the sum of forward redemption notices received from investors in hedge funds administered by GlobeOp, divided by their assets under administration.

GlobeOp’s data represents approximately 10% of the hedge fund industry.

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