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SS&C GlobeOp Forward Redemption Indicator at 3.96 per cent for November

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The SS&C GlobeOp Forward Redemption Indicator for November 2018 measured 3.96 per cent, down from 2.66 per cent in October.

“SS&C GlobeOp’s Forward Redemption Indicator for November 2018 was 3.96 per cent, a favourable reading in view of seasonal norms and essentially unchanged from the 3.91 per cent reported for the same period a year ago for November 2017,” says Bill Stone (pictured), Chairman and Chief Executive Officer, SS&C Technologies. “This result continues the past two years’ trend of redemption notices running at or below historical levels, indicating that hedge funds’ asset retention remains 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.

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