GlobeOp financial services (LSE: GO.) will offer an independent monthly window into hedge fund capital flows launch next week, the first in a planned series of GlobeOp hedge fund volume index.
-It is a real lack of independently confirmed industry data against which hedge fund managers and investors can compare their allocations and performance, says Hans hufschmid, Executive Director, GlobeOp financial services. "GlobeOp is the first Manager to publish data on independent Fund's liquidity and investor sentiment. This transparency has been produced by combining our substantial platform of assets under management with our data project management expertise. As listed companies, we regularly report our assets under management (AuA). We also summarize the total figures for subscription, redemption and performance for our customers ' funds. It was therefore a logical next step is to apply the same RIGOR and controls packaging a subset of the data to the consistent and timely index focused on capital movements for administration clients. Later this year, we expect to add additional indexes, including performance measurement. "
The first two indices will provide monthly reports based on actual and projected capital movement data independently collected from all hedge funds clients for whom GlobeOp provides administration.
While individual fund data are anonymized by aggregation, is based on the same registry data is reconciled Fund data GlobeOp used to produce the Fund's net asset value (NAV) reports. Globeops total assets under management represents around eight to ten percent of the estimated assets are currently invested in the hedge fund. The funds in the indices of investment strategies span a representative industry selection.
Eighth business day of each month reporting GlobeOp capital mobility Index for investments or capital movements into and out of hedge funds on GlobeOp administration services platform.
· Data is based on the actual subscription and independently calculated and confirmed by actual capital movements and published only a few days after they occur
· GlobeOp capital mobility Index consists of the cumulative monthly deductions for subscription and redemption of hedge funds managed by GlobeOp divided by total assets under management (AuA) for Globeop's administration clients. The index was set at 100 on December 31, 2005. (See diagram)
· Data for middle-and back-office administration is also financing the customers clients not in the Index, but is included in the company's results announcement numbers
· Online data can be divided by a number of gross and monthly flow criteria
· The first monthly GlobeOp capital mobility Index will be published on April 12, 2011.
the 15th business day of each month will GlobeOp presented redemption indicator report on investor redemption notifications to hedge funds on GlobeOp administration services platform.
· GlobeOp presented redemption indicator consists of redemption notices from hedge funds managed by GlobeOp, divided by total assets under management (AuA) for Globeop's administration clients
· Data is based on actual investor redemption requests received. Investors, and sometimes does, abort the redemption notices. Moreover, it may vary from Fund to fund the establishment and implementation of Exchange messages. Establishing and implementing the redemption notification deadlines may vary from Fund to fund.
· Data for middle-and back-office administration is also financing the customers clients not in the Index, but is included in the company's results announcement numbers
· Online data can be divided further by redemption periods, from less than a month to more than three months
· The first monthly GlobeOp presented redemption indicator will be published on April 21, 2011.
Comment on GlobeOp Hedge Fund Index methodology, Tony glickman, GlobeOp CEO, added, was "the indices positive during the trial of fund managers, asset allocators, fund investors and academics as valuable, independent data points. Because the data is calculated over all our active GlobeOp management customers each month, at the same point in time, and using consistent mathematical methods, eliminated självselektion and self-service reporting systematic for many other indices. In addition, since the data are reported within days of business monthly Close, delay factor in some other indices are eliminated. At the same time protect confidential details about our individual clients, indexes also benefit from the same data processing RIGOR and controls applied we produce regularly portfolio assessments to our customers. This process is included in the Globeops annual ISAE 3402 and SSAE 16 investigations. "
Dr. William fung, visiting research professor in economics, hedge fund Centre, London Business School, said: "Central hedge fund research is the relationship between performance and capital flow. This relationship is the key to answering important questions as the impact of the liquidity of hedge fund investing and the interplay between capacity and future performance. Research progress on these important issues have historically been handicapped by the lack of reliable, objective information. I applaud GlobeOp's efforts to create for the objective, reliable source in this area, and look forward to studying GlobeOp capital mobility Index in the near future. "
From 12 April, GlobeOp Hedge Fund Index that will be on www.globeopindex.com, http://funds.us.reuters.com/US/overview.asp or http://funds.uk.reuters.com/UK/overview.asp, or via a link on the home page for www.globeop.com. Warning and RSS Subscriber options ... available on www.globeop.com. Index Twitter comments: # HFindex.
Geen opmerkingen:
Een reactie posten