The SS&C GlobeOp Forward Redemption Indicator for November 2017 measured 3.91 per cent, up from 2.69 per cent in October.
“SS&C’s Forward Redemption Indicator continues to trend favourably on a year-over-year basis, coming in at 3.91 per cent for November 2017, compared to 4.25 per cent a year ago for November 2016. This marks the tenth consecutive month of year-over-year improvement in hedge fund redemption notices,” says Bill Stone (pictured), Chairman and Chief Executive Officer, SS&C Technologies. “These gains in asset retention demonstrate that investor confidence in hedge fund managers remains high.”
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 21 December, 2017.
