The SS&C GlobeOp Forward Redemption Indicator for April 2018 measured 2.60 per cent, down from 2.91 per cent in March.
“SS&C GlobeOp’s Forward Redemption Indicator for April 2018 was 2.60 per cent, a small increase from the 2.41 per cent reported for the same period a year ago for April of 2017. Although slightly higher than last April, redemptions continue to trend in line with the historically low rates we’ve seen recently,” says Bill Stone (pictured), Chairman and Chief Executive Officer, SS&C Technologies. “Overall, asset retention for the hedge fund industry has remained strong in the face of market volatility.”
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 May 2018.
