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SS&C GlobeOp Forward Redemption Indicator measured 1.78% for January 2021

Tuesday, January 26, 2021
Opalesque Industry Update - SS&C Technologies Holdings announced that the SS&C GlobeOp Forward Redemption Indicator for January 2021 measured 1.78%, down from 3.95% in December.

"SS&C GlobeOp's Forward Redemption Indicator for January 2021 of 1.78% reflects lower redemption notices than the 2.26% reported a year ago," said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies.

"This reduction in redemptions marks the seventh consecutive month of year-over-year improvement and is the lowest level of redemptions for any month of January since the inception of the Forward Redemption Indicator in 2008. Hedge fund asset retention has been generally strong since the COVID-19 outbreak and this month's result clearly continues that trend," Bill added.

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 February 22, 2021.

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