The SS&C GlobeOp Forward Redemption Indicator for January 2017 measured 2.60 per cent, down from 5.67 per cent in December.
"SS&C GlobeOp's Forward Redemption Indicator for January 2017 was 2.60 per cent, up from 2.31 per cent reported a year ago for January 2016," says Bill Stone (pictured), chairman and chief executive officer, SS&C Technologies. "Although somewhat higher than last year's level, the increase was well within the normal range of variation. Overall, the 2.60 per cent for January 2017 was the fourth lowest month of redemptions in the past five years."
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. The next publication date is 22 February 2017.