The SS&C GlobeOp Forward Redemption Indicator for December 2016 measured 5.67 per cent, up from 4.25 per cent in November.
"SS&C GlobeOp's Forward Redemption Indicator for December 2016 was 5.67 per cent, which reflects an increase from the 4.98 per cent reported in December 2015," says Bill Stone (pictured), chairman and chief executive officer, SS&C Technologies.
"This result effectively reversed the sharp decrease seen last month in the November numbers. For the full year 2016, the monthly Forward Redemption Indicator averaged 12 basis points higher than for full year 2015, a fairly modest change in the face of many newsworthy market and world events during the year."
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 January 2017.