It’s a miserable month for hedge funds

22 November 2012 Connecticut
Reporter: Georgina Lavers

Image: Shutterstock

The amount of clients giving notice to withdraw their cash from hedge funds rose this month, due to relatively weak fund performances.

The SS&C GlobeOp Forward Redemption Indicator for November 2012 measured 5.19 percent, up from 3.19 percent in October.

"In line with seasonal expectations, we had higher forward redemption requests in November due to investor rebalancing," said Bill Stone, chairman and CEO of SS&C Technologies.

The SS&C GlobeOp Forward Redemption Indicator represents the sum of forward redemption notices received from investors in hedge funds administered by SS&C GlobeOp on the GlobeOp platform, divided by the AuA at the beginning of the month for SS&C GlobeOp fund administration clients on the GlobeOp platform.

Despite higher figures in November, forward redemptions as a percentage of SS&C GlobeOp's assets under administration on the GlobeOp platform have trended significantly lower since reaching a high of 19.27 percent in November 2008. The next publication date is 21 December 2012.

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