New York (HedgeCo.net) – The GlobeOp Forward Redemption Indicator for January 2012 measured 1.85%, down from 4.58% in December 2011. GlobeOp’s data represents approximately 8-10% of the hedge fund industry, with $173 billion in AUM.
“January 2012 is the lowest month for hedge fund investor redemption notifications since Index records began in 2008,” said CEO Hans Hufschmid. “While January notifications are typically lower than December, this year is also substantially lower than the January 2011 requests of 2.79%.”
This is the lowest figure recorded since GlobeOp began measuring the index in 2008 and could reflect typical seasonal reallocation of investments, as investors take money out in January and redeploy it in February and March.
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 February 21, 2012.