The SS&C GlobeOp Forward Redemption Indicator for December 2015 measured 4.98 per cent, up from 4.90 per cent in November.
“SS&C GlobeOp’s Forward Redemption Indicator increased slightly to 4.98 per cent for December 2015 from 4.90 per cent in November,” says Bill Stone (pictured), Chairman and Chief Executive Officer, SS&C Technologies. “December is typically the heaviest month of the year for redemptions and while this was certainly the case in 2015, it is noteworthy that the 4.98 per cent reported was down sharply from the 5.87 per cent reported a year ago in December of 2014. In fact, this December’s redemption rate is the lowest of any month of December since 2011.”
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 SS&C GlobeOp platform, divided by the AuA at the beginning of the month for SS&C GlobeOp fund administration clients on the SS&C GlobeOp platform. Forward redemptions as a percentage of SS&C GlobeOp's assets under administration on the SS&C GlobeOp platform have trended significantly lower since reaching a high of 19.27 per cent in November 2008. The next publication date is 25 January, 2016.
