Opalesque Industry Update - The SS&C GlobeOp Forward Redemption Indicator for November 2016 measured 4.25%, up from 3.40% in October.
“SS&C GlobeOp’s Forward Redemption Indicator decreased sharply in November 2016 to 4.25%, down from 4.90% a year ago for November 2015,” said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. “With this favorable result, the 2016 year-to-date monthly average redemption rate is running slightly lower than for the same period of 2015. This stability in redemptions indicates that despite this year’s market turbulence, investors are maintaining their allocations to the hedge fund sector.” 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 December 21, 2016. 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 SS&C 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.
|
Industry Updates
SS&C GlobeOp Forward Redemption Indicator: November notifications 4.25%
Monday, November 21, 2016
|
|