Opalesque Industry Update – The SS&C GlobeOp Forward Redemption Indicator for March 2013 measured 4.33%, up from 3.96% in February. |
“March redemption activity increased slightly from February, reflecting heightened quarter-end activity,” said 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 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 April 19, 2013.
SS&C GlobeOp Forward Redemption Indicator