The SS&C GlobeOp Forward Redemption Indicator for March 2018 measured 2.91 per cent, up from 2.71 per cent in February.
“SS&C GlobeOp’s Forward Redemption Indicator for March 2018 was 2.91 per cent, a year-over-year improvement from the 3.48 per cent reported for the same period a year ago for March of 2017,” says Bill Stone (pictured), Chairman and Chief Executive Officer, SS&C Technologies. “This favourable result continues the trend of strong hedge fund asset retention, as we have now seen 14 consecutive months of year-over-year improvement in redemption notices.
“Coming in the wake of severe equity and interest rate volatility in late January and February, the low level of redemptions indicates investor confidence in hedge funds’ ability to benefit from changing markets.”
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.
