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SS&C GlobeOp Forward Redemption Indicator at 3.96 per cent for February

The SS&C GlobeOp Forward Redemption Indicator for February 2013 measured 3.96 per cent, up from 2.04 per cent in January.

"Year-to-date February redemption notices fall well below average over the index history," 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 March 2013.

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