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GlobeOp Forward Redemption Indicator measures 3.31% in May, up from 2.00% in April

Tuesday, May 22, 2012
Opalesque Industry Update - The GlobeOp Forward Redemption Indicator for May 2012 measured 3.31%, up from 2.00% in April.

“As we near the half-way mark, forward redemption requests remain lower on a month-to-month basis,” said Tony Glickman, global head of client solutions, GlobeOp Financial Services.

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 June 25, 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. Corporate website: Source

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