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SS&C GlobeOp Forward Redemption Indicator: May notifications 3.08%

Friday, May 19, 2017
Opalesque Industry Update - The SS&C GlobeOp Forward Redemption Indicator for May 2017 measured 3.08%, up from 2.41% in April.

'Taking into account seasonality, SS&C GlobeOp's Forward Redemption Indicator for May 2017 of 3.08% continues this year's favorable trend in redemptions, as it represents a sharp decline from the 4.38% reported a year ago for May of 2016, as well as compared to historical averages for the month of May,' said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. 'This is the fourth consecutive month of year-over-year gains for the Forward Redemption Indicator and, together with other recent data points, adds to the improving outlook for the hedge fund industry.'

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% in November 2008. The next publication date is June 21, 2017.

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