GlobeOp sees rise in hedge fund redemptions 21 February 2012London Reporter: Anna Reitman
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GlobeOp's forward redemption indicator for February measured 3.1 per cent, up from 1.9 per cent in January.
“Seasonally adjusted, February continues the recent trend of very low redemption levels,” said Hans Hufschmid, CEO, GlobeOp Financial Services.
Forward redemptions as a percentage of GlobeOp assets under administration have trended significantly lower since reaching a high of 19.3 per cent in November 2008.
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