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"SS&C GlobeOp's Forward Redemption Indicator for March 2017 was 3.48%, sharply lower than the 4.26% reported a year ago for March 2016. In fact, the 3.48% for March 2017 was the lowest level of redemptions for any month of March in the past five years," said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. "We will be watching future data points very closely to see whether this improvement can be sustained and, if so, it would represent a very favorable trend for the hedge fund industry."

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 24, 2017.

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.