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SS&C says hedge fund exit requests rise in third straight month this March

Monday, March 21, 2016
Opalesque Industry Update - The SS&C GlobeOp Forward Redemption Indicator for March 2016 measured 4.26%, up from 3.27% in February.

“SS&C GlobeOp’s Forward Redemption Indicator for March 2016 was 4.26%, an increase from 3.27% for February 2016. The 4.26% for March 2016 was also an increase on a year over year basis compared to 3.91% for March of 2015,” said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. “This was the first year over year increase in the Forward Redemption Indicator in several months so it will be interesting to see if this proves to be an anomaly or a reversal of the trend.”

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 April 21, 2016.

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