Opalesque Industry Update - The SS&C GlobeOp Forward Redemption Indicator for July 2017 measured 2.57%, down from 3.59% in June. "SS&C GlobeOp's Forward Redemption Indicator of 2.57% for July 2017 represents a year-over-year improvement from the 2.95% reported in July 2016," said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. "This marks the sixth consecutive month of lower year-over-year redemption notices, pointing to continued gains in asset retention for hedge funds heading into the second half of 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% in November 2008. The next publication date is August 21, 2017. |
Industry Updates
S&C GlobeOp Forward Redemption Indicator: July notifications 2.57%
Monday, July 24, 2017
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