The SS&C GlobeOp Forward Redemption Indicator for October 2016 measured 3.40 per cent, down from 4.22 per cent in September.
"SS&C GlobeOp's Forward Redemption Indicator for October of 2016 was 3.40 per cent, an increase of 44 basis points from the 2.96 per cent reported a year ago for October of 2015," says Bill Stone, chairman and chief executive officer, SS&C Technologies.
"Nearly all of the increase in the Forward Redemption Indicator for October consisted of redemptions targeted around year-end, suggesting the increase is due to rebalancing activity. We will be watching our Capital Movement Index closely over the next few months to see how much of this rebalancing activity will cycle money back to hedge funds, versus to other types of managers."
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 November 2016.
