The SS&C GlobeOp Forward Redemption Indicator for November 2021 measured 2.28 per cent, up from 1.56 per cent in October.
“SS&C GlobeOp’s Forward Redemption Indicator for November 2021 was 2.28 per cent, reflecting lower redemption notices compared to the 3.63 per cent reported for the same period a year ago,” says Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. “This favourable comparison marks seventeen consecutive months of declining year-over-year hedge fund redemptions.
“Moreover, the 2.28 per cent level of redemptions is the lowest reading for any month of November since the inception of the Forward Redemption Indicator in 2008. Hedge fund asset retention clearly remains strong heading into year-end.”
