Sign up for free newsletter


SS&C GlobeOp Forward Redemption Indicator at 4.38 per cent for May

The SS&C GlobeOp Forward Redemption Indicator for May 2016 measured 4.38 per cent, up from 2.94 per cent in April.

"Looking at the year over year comparison, SS&C GlobeOp's Forward Redemption Indicator for May 2016 was 4.38 per cent, an improvement from the 4.68 per cent seen a year ago for May 2015," says Bill Stone (pictured), Chairman and Chief Executive Officer, SS&C Technologies. "So far in 2016, four of the first five monthly Forward Redemption Indicator readings have come in lower than the corresponding months of 2015, indicating that investors continue to show confidence in their hedge fund allocations."

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 June 21, 2016.

Published on the 15th business day of the month, the SS&C GlobeOp Forward Redemption Indicator presents a timely and accurate view of the redemption pipeline for investors in hedge funds on the SS&C GlobeOp administration platform. Movements in the Indicator reflect investor confidence in their allocations to hedge funds. Indicator data is based on actual investor redemption notifications received. Unlike subscriptions, redemption notifications are typically received 30-90 days in advance of the redemption date. Investors may, and sometimes do, cancel redemption notices. In addition, the establishment and enforcement of redemption notices may vary from fund to fund.

other gfm publications