Performance

July redemptions lowest since pre-2008, says GlobeOp

by

Redemption requests from hedge fund investors this month are the lowest in at least three and a half years, according to fund administrator GlobeOp. The GlobeOp Forward Redemption Indicator measured 2.08% in July, down from 4.01% in June.

July tends to see lower redemption demands than preceding months, according to GlobeOp, but this month’s exit requests are the lowest since the group’s records begin in January 2008.

The indicator represents the sum of forward redemption notices received from investors in hedge funds administered by GlobeOp, divided by the assets under administration at the beginning of the month for