Forward redemption requests rise in March – GlobeOp index


Forward redemption requests are up slightly in March, according to data from fund administrator GlobeOp Financial Services. GlobeOp’s Forward Redemption Indicator – which relies on data representing around 8-10% of the hedge fund industry, or $174 billion in assets under administration – registered March redemption notifications at 3.23%, up from 3.14% in February.

But with the end of the first quarter approaching, forward redemption requests remain lower on a month-to-month basis than for the same period last year, according to GlobeOp CEO Hans Hufschmid.

The Indicator represents the sum of forward redemption notices received from investors in hedge