The SS&C GlobeOp Forward Redemption Indicator for May 2015 measured 4.68 per cent, up from 3.36 per cent in April.
“SS&C GlobeOp’s Forward Redemption Indicator of 4.68 per cent for May 2015 is up from 3.36 per cent in April, reflecting mainly seasonality, as the increase year over year is only 36 basis points from 4.32 per cent for May 2014,” says Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies.
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 19 June, 2015.