SS&C GlobeOp Forward Redemption Indicator measures 6.19 per cent for December
The SS&C GlobeOp Forward Redemption Indicator for December 2012 measured 6.19 per cent, up from 5.19 per cent in November.
"Expected year-end month-on-month redemptions are higher in December," says Bill Stone, chairman and chief executive officer, SS&C Technologies. “A majority of the redemptions are less than one month, which is comparable to activity in 2009, but not nearly as significant as 2008.”
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 23 January 2012.
The Hedgeweek Awards 2013 for the best hedge fund performers and service providers will be held in London towards the end of Q1 2013. Please click here to nominate your product/firm.
- By Category
- News from other sites
- Special Reports
- Partner events