SS&C GlobeOp Forward Redemption Indicator at 4.24 per cent for June

The SS&C GlobeOp Forward Redemption Indicator for June 2020 measured 4.24 per cent, up from 4.00 per cent in May.

"SS&C GlobeOp's Forward Redemption Indicator for June 2020 of 4.24 per cent was closely in line with historical averages for the month of June, though up somewhat from the very favourable 3.81 per cent reported a year ago," says Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. "This level of redemptions is consistent with other recent data points, indicating generally steady overall trends in asset retention for the hedge fund sector since the Covid-19 outbreak."

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 July, 2020.

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