The SS&C GlobeOp Forward Redemption Indicator for November 2016 measured 4.25 per cent, up from 3.40 per cent in October.
"SS&C GlobeOp's Forward Redemption Indicator decreased sharply in November 2016 to 4.25 per cent, down from 4.90 per cent a year ago for November 2015," says Bill Stone (pictured), chairman and chief executive officer, SS&C Technologies.
"With this favourable result, the 2016 year-to-date monthly average redemption rate is running slightly lower than for the same period of 2015. This stability in redemptions indicates that despite this year's market turbulence, investors are maintaining their allocations to the hedge fund sector."
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 December 2016.