Opalesque Industry Update - The SS&C GlobeOp Forward Redemption Indicator for February 2016 measured 3.27%, up from 2.31% in January. "SS&C GlobeOp's Forward Redemption Indicator for February of 2016 was 3.27%, an increase from 2.31% for January of 2016," said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. "However, this increase was well within normal seasonal patterns. In fact, February's 3.27% was the second lowest reading of any month of February since SS&C GlobeOp began tracking forward redemptions in 2008. This February also marked the fifth consecutive month of year-over-year improvements in the Indicator, occurring against a backdrop of severe market conditions. This demonstrates the resilience of the hedge fund sector." |