Numbers and magnifying glass

SS&C GlobeOp Forward Redemption Indicator measures 5.19 per cent for November

Wed, 21/11/2012 - 16:06

The SS&C GlobeOp Forward Redemption Indicator for November 2012 measured 5.19 per cent, up from 3.19 per cent in October.

"In line with seasonal expectations, we had higher forward redemption requests in November due to investor rebalancing," says Bill Stone, chairman and chief executive officer, SS&C Technologies.

The SS&C GlobeOp Forward Redemption Indicator represents the sum of forward redemption notices received from investors in hedge funds administered by SS&C GlobeOp on the GlobeOp platform, divided by the AUA at the beginning of the month for SS&C GlobeOp fund administration clients on the GlobeOp platform.

Forward redemptions as a percentage of SS&C GlobeOp's assets under administration on the GlobeOp platform have trended significantly lower since reaching a high of 19.27 per cent in November 2008. The next publication date is 21 December 2012.


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