The SS&C GlobeOp Forward Redemption Indicator, which represents the sum of forward redemption notices received from investors in hedge funds administered on the SS&C GlobeOp platform, rose to 2.41% for February, up from 2.03% in January.
"SS&C GlobeOp's Forward Redemption Indicator for February 2024 was 2.41%, which was slightly higher than the 10-year average of 2.16% for the period," said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. "Equity valuations, interest rates, public debt, and market volatility are all elevated and continue to weigh on the outlook of market participants.
"The strong risk-adjusted returns of hedge funds can assist investors in navigating the current market volatility and changes in economic fundamentals."
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