SS&C GlobeOp Forward Redemption Indicator at 2.26 per cent in January
The SS&C GlobeOp Forward Redemption Indicator for January 2020 measured 2.26 per cent, down from 4.95 per cent in December.
"SS&C GlobeOp's Forward Redemption Indicator for January 2020 was 2.26 per cent, a favourable reading compared to the 2.70 per cent reported a year ago, as well as compared to historical averages," says Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. "Redemptions have remained fairly steady in recent years at generally low levels, and it is too early to tell if this reading represents the start of a new trend, but 2020 is certainly off to a good start."
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 24 February, 2020.