The SS&C GlobeOp Forward Redemption Indicator for March 2019 measured 3.49 per cent, up from 3.42 per cent in February.
“SS&C GlobeOp’s Forward Redemption Indicator for March 2019 was 3.49 per cent, an uptick from the record low March redemptions of 2.91 per cent reported for the same period a year ago,” says Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. “Still, the 3.49 per cent for March 2019 is favorable compared to historical averages and is in line with other data points showing hedge fund asset retention remaining stable in the wake of several months 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 22 April, 2019.
