The SS&C GlobeOp Forward Redemption Indicator for October 2021 measured 1.56 per cent, up from 2.45 per cent in September.
“SS&C GlobeOp’s Forward Redemption Indicator reached an all-time record low of 1.56 per cent for October 2021, making it the lowest level of monthly redemptions in the history of the Forward Redemption Indicator, going back to its inception in 2008,” says Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. “On a year-over-year basis, the 1.56 per cent compares very favourably to the 2.84 per cent reported for October 2020 and marks the sixteenth consecutive month of year-over-year improvements.
“With well over a year of positive comparisons since the Covid-19 outbreak, the emerging data suggest redemptions may be moving to a lower secular trend line, a very good sign for continued hedge fund industry asset growth.”
