Hedge Fund Redemption Index
Hedge Fund Redemption Index Falls 2.45%
Contradicting a reputation for fleeing funds at the first sign of market trouble, the newly-launched Forward Redemption Indicator showed hedge fund investors were broadly sticking to allocations and even cancelling older requests to pull out cash.
The GlobeOp index -- which tracks the volume of clients globally giving advance notice to withdraw money as a percentage of GlobeOp's assets under administration -- fell to 2.45 percent in a snapshot taken on April 15, 0.81 percent lower than the last reading taken on March 20.
"The indicator is near its all-time low when measured over the past three years and reflects continued improvement in investor confidence," Hans Hufschmid, chief executive officer of GlobeOp Financial Services, said.
GlobeOp's data covers around $159 billion of hedge fund assets under administration, or around 8 to 10 percent of the global hedge fund industry. Source