The most recent forward redemptions snapshot from fund administrator GlobeOp’s hedge fund index suggests a modest increase in investor redemptions, month-on-month.
The GlobeOp Forward Redemption Indicator for May recorded an increase to 3.92%, up from 2.45% in April but lower than the 4.25% recorded a year ago. An all-time low of 2.28% was seen in October 2010.
Hans Hufschmid, GlobeOp’s CEO, said that the industry should not be overly alarmed by the most recent rise. “Although the indicator increased in May there is no reason to believe that this signals a change in investor sentiment,” he said.