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GlobeOp Forward Redemption Indicator measures 3.76% in September, up from 3.34% in August

Friday, September 21, 2012
Opalesque Industry Update - The SS&C GlobeOp Forward Redemption Indicator for September 2012 measured 3.76%, up from 3.34% in August.

"Forward redemptions slightly increased in September which is typical as we approach quarter-end but redemption notices still remained at moderate levels indicating that alternative investments continue to hold their attraction," 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 October 19, 2012.

Published on the 15th business day of the month, the SS&C GlobeOp Forward Redemption Indicator presents a timely and accurate view of the redemption pipeline for investors in hedge funds on the GlobeOp administration platform. Movements in the Indicator reflect investor confidence in their allocations to hedge funds. Indicator data is based on actual investor redemption notifications received. Unlike subscriptions, redemption notifications are typically received 30-90 days in advance of the redemption date. Investors may, and sometimes do, cancel redemption notices. In addition, the establishment and enforcement of redemption notices may vary from fund to fund. Corporate website: Source

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