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GlobeOp’s Forward Redemption Indicator for December measured 4.58%, up from 3.44% last month

Wednesday, December 21, 2011

Hans Hufschmid
Opalesque Industry Updates – The GlobeOp Forward Redemption Indicator for December 2011 measured 4.58%, up from 3.44% in November.

“December 2011 is the lowest December since the Indicator began, just a fraction less than in 2010,” said Hans Hufschmid, chief executive officer, GlobeOp Financial Services. “The month-on-month increase is within the normal range of a seasonal pattern, as investors prepare to rebalance their portfolios at year end.”

The Indicator represents the sum of forward redemption notices received from investors in hedge funds administered by GlobeOp, divided by the AuA at the beginning of the month for GlobeOp fund administration clients. 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 next publication date is January 23, 2012.

Published on the 15th business day of the month, the GlobeOp Forward Redemption Indicator presents a timely and accurate view of the redemption pipeline for investors in hedge funds on the GlobeOp administration platform. Movements in the Indicator reflect investor confidence in their allocations to hedge funds. Indicator data is based on actual investor redemption notifications received. Unlike subscriptions, redemption notifications are typically received 30-90 days in advance of the redemption date. Investors may, and sometimes do, cancel redemption notices. In addition, the establishment and enforcement of redemption notices may vary from fund to fund.

Chart: Source

Figures as of 30 November 2011

(Press release)

About GlobeOp Financial Services
GlobeOp Financial Services (LSE:GO.) is an independent financial administrator specializing in middle- and back-office services and integrated risk-reporting to hedge funds, asset management firms and other sectors of the financial industry - including family wealth, banks, insurance companies, pension funds and corporate treasuries. By outsourcing to GlobeOp, clients can reduce their technology investments and operational risks, while increasing their focus on asset generation and portfolio management. Established in 2000, GlobeOp's innovative scope of services is engaged by approximately 200 clients worldwide representing $173 billion in assets under administration. Headquartered in London and New York, GlobeOp employs over 2,000 people on three continents through its 10 offices in the Cayman Islands, India, Ireland, the UK and U.S. www.globeop.com

About the GlobeOp Hedge Fund Index
GlobeOp Financial Services (LSE:GO.) offers an independent monthly window into hedge fund capital flows following the launch in April 2011 of the first indices in the GlobeOp Hedge Fund Index family. It is the first index by a hedge fund administrator, and it offers clients, investors, and the overall market a transparency on liquidity and investor sentiment based on a significant platform of assets. The GlobeOp Hedge Fund Index is available on www.globeopindex.com

BG

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