The SS&C GlobeOp Forward Redemption Indicator for April 2017 measured 2.41 per cent, down from 3.48 per cent in March.
"SS&C GlobeOp's Forward Redemption Indicator for April 2017 of 2.41 per cent represents a sharp improvement on a year-over-year basis from 2.94 per cent reported in April of 2016," says Bill Stone (pictured), chairman and chief executive officer, SS&C Technologies.
"This is the third consecutive month of improvement in the Forward Redemption Indicator compared to the same periods a year ago and is consistent with other recent data we have seen, including favourable results in SS&C GlobeOp's Capital Movement Index. The emerging trend of increased asset retention is very positive news for the hedge fund industry."
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.
