The GlobeOp Forward Redemption Indicator for July 2012 measured 2.18 per cent, down from 3.71 per cent in June.
"Forward redemptions remain low, this month’s percentage being one of the lowest in the history of the Indicator,” says Bill Stone, chairman and chief executive officer, SS&C Technologies.
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 GlobeOpfund administration clients.
Forward redemptions as a percentage of GlobeOp assets under administration have trended significantly lower since reaching a high of 19.27 per cent in November 2008. The next publication date is 21 August.
Movements in the Indicator reflect investor confidence in their allocations to hedge funds. Indicator data is based on actual investor redemption notifications received.
