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SS&C GlobeOp Forward Redemption Indicator: March notifications 3.49%

Thursday, March 21, 2019
Opalesque Industry Update - The SS&C GlobeOp Forward Redemption Indicator for March 2019 measured 3.49%, up from 3.42% in February.

"SS&C GlobeOp's Forward Redemption Indicator for March 2019 was 3.49%, an uptick from the record low March redemptions of 2.91% reported for the same period a year ago," said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies.

"Still, the 3.49% for March 2019 is favorable compared to historical averages and is in line with other data points showing hedge fund asset retention remaining stable in the wake of several months of market volatility," 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 April 22, 2019.

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.

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