Opalesque Industry Update – The SS&C GlobeOp Forward Redemption Indicator for April 2013 measured 2.95%, down from 4.33% in March 2013. (Chart)|
“April redemption activity decreased from March and remains consistent with historical averages,” 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 May 21, 2013.
SS&C GlobeOp Hedge Fund Performance Index
SS&C GlobeOp Capital Movement Index
SS&C GlobeOp Forward Redemption Indicator
SS&C is a global provider of investment and financial software-enabled services and software focused exclusively on the global financial services industry. Founded in 1986, SS&C has its headquarters in Windsor, Connecticut and offices around the world. Some 5,500 financial services organizations, from the world’s largest institutions to local firms, manage and account for their investments using SS&C's products and services. These clients in the aggregate manage over $26 trillion in assets. www.sscglobeop.com