The SS&C GlobeOp Forward Redemption Indicator for October 2015 measured 2.96 per cent, down from 3.79 per cent in September.
“SS&C GlobeOp’s Forward Redemption Indicator of 2.96 per cent for October 2015 is down sharply from 3.79 per cent for the previous month and is also down year-over-year compared to 3.12 per cent for October 2014,” says Bill Stone (pictured), Chairman and Chief Executive Officer, SS&C Technologies. “This marks a reversal of last month’s uptick in the Forward Redemption Indicator, perhaps suggesting that the bulk of investors’ rebalancing in the face of elevated market volatility has been accomplished.”
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 20 November, 2015.
