The SS&C GlobeOp Forward Redemption Indicator for May 2019 measured 3.21 per cent, up from 2.51 per cent in April.
“SS&C GlobeOp’s Forward Redemption Indicator of 3.21 per cent for May 2019 was a strong result, coming in 26 basis points below the 3.47 per cent reported for the same period a year ago in May 2018,” says Bill Stone (pictured), Chairman and Chief Executive Officer, SS&C Technologies. “In fact, the current reading is the second lowest for any month of May since the indicator’s inception in 2008, showing that hedge fund asset retention continues to trend favourably.”
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 21 June, 2019.
