The SS&C GlobeOp Forward Redemption Indicator for February 2016 measured 3.27 per cent, up from 2.31 per cent in January.
“SS&C GlobeOp’s Forward Redemption Indicator for February of 2016 was 3.27 per cent, an increase from 2.31 per cent for January of 2016,” says Bill Stone (pictured), Chairman and Chief Executive Officer, SS&C Technologies. “However, this increase was well within normal seasonal patterns. In fact, February’s 3.27 per cent was the second lowest reading of any month of February since SS&C GlobeOp began tracking forward redemptions in 2008. This February also marked the fifth consecutive month of year-over-year improvements in the Indicator, occurring against a backdrop of severe market conditions. This demonstrates the resilience of the hedge fund sector.”
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.
