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SS&C GlobeOp Forward Redemption Indicator up 3.21% in May

Wednesday, May 22, 2019
Opalesque Industry Update - The SS&C GlobeOp Forward Redemption Indicator for May 2019 measured 3.21%, up from 2.51% in April.

"SS&C GlobeOp's Forward Redemption Indicator of 3.21% for May 2019 was a strong result, coming in 26 basis points below the 3.47% reported for the same period a year ago in May 2018," said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies.

"In fact, the current reading is the second lowest for any month of May since the indicator's inception in 2008, showing that hedge fund asset retention continues to trend favorably," 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.

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