The SS&C GlobeOp Forward Redemption Indicator for June 2017 measured 3.59 per cent, up from 3.08 per cent in May.
“SS&C GlobeOp’s Forward Redemption Indicator for June 2017 was 3.59 per cent, reflecting a sharp drop from the 4.88 per cent reported a year ago for June 2016,” says Bill Stone (pictured), Chairman and Chief Executive Officer, SS&C Technologies. “This marks the fifth consecutive month of lower year over year redemptions, a very positive trend 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. The next publication date is 24 July, 2017.
