Opalesque Industry Update – The SS&C GlobeOp Forward Redemption Indicator for December 2012 measured 6.19%, up from 5.19% in November.|
"Expected year-end month-on-month redemptions are higher in December," said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. “A majority of the redemptions are less-than-one-month, which is comparable to activity in 2009, but not nearly as significant as 2008.”
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 GlobeOp platform, divided by the AuA at the beginning of the month for SS&C GlobeOp fund administration clients on the GlobeOp platform. Forward redemptions as a percentage of SS&C GlobeOp's assets under administration on the GlobeOp platform have trended significantly lower since reaching a high of 19.27% in November 2008. The next publication date is January 23, 2012.
SS&C GlobeOp Hedge Fund Performance Index
SS&C GlobeOp Capital Movement Index
SS&C GlobeOp Forward Redemption Indicator