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GlobeOp Forward Redemption Indicator measures 2.18% for July, down from 3.71% in June

Friday, July 20, 2012
Opalesque Industry Update – The GlobeOp Forward Redemption Indicator for July 2012 measured 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 Chief Executive Officer, SS&C Technologies.

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 August 21, 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.

(press release)

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