SS&C GlobeOp Forward Redemption Indicator at 3.02 per cent for April

The SS&C GlobeOp Forward Redemption Indicator for April 2020 measured 3.02 per cent, up from 3.11 per cent in March.

“SS&C GlobeOp’s Forward Redemption Indicator for April 2020 was 3.02 per cent, up somewhat from the 2.51 per cent reported for the same period a year ago,” says Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. “This increase follows three consecutive months of comparatively lower redemption notices, and it should also be noted that for the year-to-date, cumulative redemptions are running below the 2019 level. With this latest single month’s increase in redemptions, it is too early to say whether the recent favourable trend has ended, or what impact the COVID-19 outbreak is having on investor allocations.”

 
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 May, 2020.