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Bill Stone, SS and C Globe Op

SS&C GlobeOp Forward Redemption Indicator up to 4.18 per cent for December

The SS&C GlobeOp Forward Redemption Indicator for December 2017 measured 4.18 per cent, up from 3.91 per cent in November.

"SS&C's Forward Redemption Indicator of 4.18 per cent for December 2017 compares very favourably with the 5.67 per cent reported for the same period a year ago for December 2016,” says Bill Stone (pictured), Chairman and Chief Executive Officer, SS&C Technologies. “This result marks the eleventh consecutive month of year-over-year improvement in redemption notices and is also the lowest level of redemption notices for any month of December since inception of the indicator in 2008.
"In terms of annual results, full year 2017 redemption notices were the second lowest in the ten years tracked, being surpassed only slightly by full year 2011. Clearly, the hedge fund industry will start 2018 with strong momentum in asset retention."

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