The SS&C GlobeOp Forward Redemption Indicator for December 2012 measured 6.19 per cent, up from 5.19 per cent in November.
"Expected year-end month-on-month redemptions are higher in December," says Bill Stone, chairman and chief executive officer, SS&C Technologies. “A majority of the redemptions are less than one month, which is comparable to activity in 2009, but not nearly as significant as 2008.”
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 23 January 2012.
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