Opalesque Industry Update - The SS&C GlobeOp Forward Redemption Indicator for April 2016 measured 2.94%, down from 4.26% in March. “SS&C GlobeOp’s Forward Redemption Indicator for April 2016 decreased to 2.94%, down from 4.26% for March 2016 and was also lower on a year-over-year basis compared to 3.36% for April of 2015,” said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. “This favorable result is in line with the overall trend toward lower redemptions that began mid-2015 and demonstrates continued investor confidence in 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 May 20, 2016. |
Industry Updates
SS&C GlobeOp Forward Redemption Indicator for April 2016 measured 2.94%, down from 4.26% in March
Thursday, April 21, 2016
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