Opalesque Industry Update - The SS&C GlobeOp Forward Redemption Indicator for June 2017 measured 3.59%, up from 3.08% in May.
"SS&C GlobeOp's Forward Redemption Indicator for June 2017 was 3.59%, reflecting a sharp drop from the 4.88% reported a year ago for June 2016," said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. "This marks the fifth consecutive month of lower year over year redemptions, a very positive 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 July 24, 2017. Press release Bg Article source - Opalesque is not responsible for the content of external internet sites |
Industry Updates
SS&C GlobeOp Forward Redemption Indicator: June notifications 3.59%
Wednesday, June 21, 2017
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