The GlobeOp Forward Redemption Indicator for August 2011 measured 2.71%, up from 2.08% in July.
“The Forward Redemption Indicator is encouragingly low given recent market volatility,” says Hans Hufschmid, chief executive officer, GlobeOp Financial Services. “In fact, it is the lowest August number since readings began in 2008. At this time, we see no sign of investors moving out of hedge funds.”
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 21 September, 2011.
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