LONDON and NEW YORK, NY--(Marketwire -02/21/12)-
GlobeOp Forward Redemption Indicator: February notifications 3.14%
LONDON, NEW YORK - 21 FEBRUARY 2012 - The GlobeOp Forward Redemption
Indicator for February 2012 measured 3.14%, up from 1.85% in January.
"Seasonally adjusted, February continues the recent trend of very low
redemption levels," said Hans Hufschmid, chief executive officer,
GlobeOp Financial Services (LSE: GO.).
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 GlobeOp fund administration
clients. Forward redemptions as a percentage of GlobeOp assets under
administration have trended significantly lower since reaching a high
of 19.27% in November 2008. The next publication date is March 21,
2012.
Published on the 15th business day of the month, the GlobeOp Forward
Redemption Indicator presents a timely and accurate view of the
redemption pipeline for investors in hedge funds on the GlobeOp
administration platform. Movements in the Indicator reflect investor
confidence in their allocations to hedge funds. Indicator data is based
on actual investor redemption notifications received. Unlike
subscriptions, redemption notifications are typically received 30-90
days in advance of the redemption date. Investors may, and sometimes
do, cancel redemption notices. In addition, the establishment and
enforcement of redemption notices may vary from fund to fund.
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GlobeOp Financial Services
GlobeOp Financial Services (LSE: GO.) is an independent administrator of
middle and back office services, integrated risk reporting and
portfolio analytics for hedge funds, managed accounts and fund of
funds. Our expertise further extends to family wealth offices,
insurance companies, pension funds, corporate treasuries and private/
regional banks. By outsourcing to GlobeOp, clients can reduce their
technology investments and operational risks, while increasing their
focus on asset generation and portfolio management. Established in
2000, GlobeOp serves approximately 200 clients worldwide, representing
$173 billion in assets under administration. Headquartered in London
and New York, GlobeOp employs over 2,000 people on three continents
through its 11 offices in the Cayman Islands, India, Ireland, the UK
and US. Further information: www.globeop.com, www.twitter.com/GlobeOp,
www.globeopindex.com
About the GlobeOp Hedge Fund Index
GlobeOp Financial Services (LSE: GO.) offers an independent monthly
window onto hedge fund capital flows following the launch in April 2011
of the first indices in the GlobeOp Hedge Fund Index family. It is the
first index by a hedge fund administrator, and offers clients,
investors and the overall market transparency on liquidity and investor
sentiment based on a significant platform of assets. The GlobeOp Hedge
Fund Index is available on www.globeopindex.com,
http://funds.us.reuters.com/US/overview.asp, or
http://funds.uk.reuters.com/UK/overview.asp, or through
a link on the homepage of www.globeop.com.
Alert and RSS subscriber options are available on www.globeop.com.
Index Twitter comments: #HFindex.
The first two Indices - the GlobeOp Capital Movement Index and the
GlobeOp Forward Redemption Indicator - provide monthly reports based on
actual and anticipated capital movement data independently collected
from all hedge fund clients for whom GlobeOp provides administration
services. While individual fund data is anonymized by aggregation,
Index data will be based on the same reconciled fund data GlobeOp uses
to produce fund net asset value (NAV) reports. GlobeOp's total assets
under administration represent approximately eight to 10 percent of the
estimated assets currently invested in the hedge fund sector. The
investment strategies of the funds in the Indices span a representative
industry sample. Data for middle and back office clients who are not
fund administration clients is not included in the Index but is
included in the company's results announcement data about AuA.
GlobeOp Capital Movement Index
Base 100 points on 31 December 2005
All time high 145.81 in September 2008
All time low 99.67 in January 2006
12-month high 142.60 in February 2012
12-month low 130.22 in April 2011
Largest monthly change -15.21 in January 2009
GlobeOp Forward Redemption Indicator
All time high 19.27% in November 2008
All time low 1.85% in January 2012
12-month high 4.58% in December 2011
12-month low 1.85% in January 2012
Largest monthly change 9.60% in November 2008
GlobeOp, GlobeOp Hedge Fund Index and the GlobeOp "G" are trade or
service marks of GlobeOp and its affiliates.
Media Contacts
Financial Media
Gill Ackers
Tel. +44 (0)20 7404 5959
Email: goteam@brunswickgroup.com
Trade Media
Caroline Beer
Metia (UK)
+44 (0) 20 3100 3796
Caroline.Beer@metia.com
Sheryl Lee
Metia (US)
+1 917 320 6462
Sheryl.Lee@metia.com
This information is provided by RNS
The company news service from the London Stock Exchange
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