Bill Stone, SS&C GlobeOp

SS&C GlobeOp Forward Redemption Indicator at 4.81 per cent for November


The SS&C GlobeOp Forward Redemption Indicator for November 2019 measured 4.81 per cent, up from 3.76 per cent in October.

"SS&C GlobeOp's Forward Redemption Indicator was 4.81 per cent for November 2019, an increase compared to the 3.96 per cent reported for the same period a year ago," says Bill Stone (pictured), Chairman and Chief Executive Officer, SS&C Technologies. "November typically experiences above-average redemption notices, and this month's result is in line with long-term averages."

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 December 20, 2019.

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