The SS&C GlobeOp Forward Redemption Indicator for February 2019 measured 3.42 per cent, up from 2.70 per cent in January.
“SS&C GlobeOp’s Forward Redemption Indicator for February 2019 was 3.42 per cent, an increase compared to 2.71 per cent reported for the same period ago for February 2018,” says Bill Stone (pictured), Chairman and Chief Executive Officer, SS&C Technologies. “Since the financial markets’ downturn in the fourth quarter of 2018 and continuing through this year’s recovery, data points for hedge fund redemptions and capital movements have been mixed.”
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 March 2019.
