SS&C GlobeOp Forward Redemption Indicator measures 2.71 per cent for July
The SS&C GlobeOp Forward Redemption Indicator for July 2013 measured 2.71 per cent, down from 3.88 per cent in June.
“The July Indicator decreased from June by approximately 1 per cent, but remains consistent with historical averages for the month,” 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 August 2013.
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