SS&C GlobeOp Forward Redemption Indicator at 2.49 per cent for March
The SS&C GlobeOp Forward Redemption Indicator for March 2021 measured 2.49 per cent, up from 2.37 per cent in February.
"SS&C GlobeOp's Forward Redemption Indicator of 2.49 per cent for March 2021 reflects a favourable level of redemptions compared to the 3.11 per cent reported for March 2020, as well as compared to longer-term averages," says Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies.
"In fact, the 2.49 per cent level of redemptions for March 2021 marks the ninth consecutive month of improved year-over-year comparisons. The strong trend in hedge fund asset retention observed throughout the past year remains firmly intact."