The SS&C GlobeOp Forward Redemption Indicator for January 2018 measured 2.20 per cent, down from 4.18 per cent in December.
“SS&C GlobeOp’s Forward Redemption Indicator for January was 2.20 per cent, down from 2.60 per cent for the same period a year ago for January 2017,” says Bill Stone (pictured), Chairman and Chief Executive Officer, SS&C Technologies. “This very favourable result marks the twelfth consecutive month of improvement in year-over-year redemption notices. Hedge funds are beginning 2018 with strong tailwinds with respect to asset retention.”
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 22 February, 2018.
