SS&C GlobeOp Forward Redemption Indicator at 3.11 per cent in February
The SS&C GlobeOp Forward Redemption Indicator for March 2020 measured 3.11 per cent, up from 2.83 per cent in February.
"SS&C GlobeOp's Forward Redemption Indicator for March 2020 was 3.11 per cent, lower than the 3.49 per cent reported for redemptions in the same period a year ago. The 3.11 per cent reported for March 2020 marks the third consecutive month of year-over-year reductions in redemption notices," says Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. "We note this improvement in hedge fund redemptions has occurred against the backdrop of the COVID-19 outbreak, but the ongoing increase in cases reported worldwide, and the potential effects of countermeasures taken, make it difficult to say whether this trend will continue."
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, 2020.