Hedge fund redemptions historically low - GlobeOp
21 October 2011 New York
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GlobeOp has announced a drop in redemptions which the fund administrator says reflects industry desire to continue investing in hedge funds on the back of a lack of options to park cash.
“Forward hedge fund redemptions continue to be low on a historic basis,” said Hans Hufschmid, chief executive officer at GlobeOp. “Although small, this month records the first year-on-year increase since 2009. Reflecting seasonality, November and December indicate substantially lower redemptions than October, the first month of the quarter. We will gain more insight next month as investors prepare for their year-end portfolio allocations.”
Its Forward Redemption Indicator for October measured 2.5%, a drop from 3.1% in September.
“Forward hedge fund redemptions continue to be low on a historic basis,” said Hans Hufschmid, chief executive officer at GlobeOp. “Although small, this month records the first year-on-year increase since 2009. Reflecting seasonality, November and December indicate substantially lower redemptions than October, the first month of the quarter. We will gain more insight next month as investors prepare for their year-end portfolio allocations.”
Its Forward Redemption Indicator for October measured 2.5%, a drop from 3.1% in September.
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