GlobeOp sees drop in hedge fund redemptions
23 January 2012 London
Image: Shutterstock
Hedge fund redemption requests for January measured 1.9 per cent, a drop on last month's 4.6 per cent, according to GlobeOp's forward redemption index.
This could reflect typical seasonal reallocation of investments as investors take money out in January and redeploy it in February and March, the company said in a statement.
“January 2012 is the lowest month for hedge fund investor redemption notifications since Index records began in 2008,” said Hans Hufschmid, CEO, GlobeOp Financial Services. “While January notifications are typically lower than December, this year is also substantially lower than the January 2011 requests of 2.8 per cent.”
Forward redemptions as a percentage of GlobeOp AUA have trended significantly lower since reaching a high of 19.3 per cent in November 2008.
This could reflect typical seasonal reallocation of investments as investors take money out in January and redeploy it in February and March, the company said in a statement.
“January 2012 is the lowest month for hedge fund investor redemption notifications since Index records began in 2008,” said Hans Hufschmid, CEO, GlobeOp Financial Services. “While January notifications are typically lower than December, this year is also substantially lower than the January 2011 requests of 2.8 per cent.”
Forward redemptions as a percentage of GlobeOp AUA have trended significantly lower since reaching a high of 19.3 per cent in November 2008.
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