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"SS&C GlobeOp's Forward Redemption Indicator for December 2020 was 3.95%, reflecting lower redemptions compared to the 4.95% reported a year ago," said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies.

"In fact, the 3.95% reported for December 2020 was the lowest level of redemptions for the calendar month of December since the inception of the indicator in 2008. With December's reading, redemptions have fallen on a year-over-year basis for each of the past six months in a row, demonstrating strong investor confidence in hedge fund managers' ability to produce favorable risk-adjusted returns during the market volatility driven by COVID-19," 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 January 22, 2021.

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.