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SS&C forward redemptions up in June


19 June 2015 London
Reporter: Stephen Durham

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Image: Shutterstock
SS&C GlobeOp鈥檚 Forward Redemption Indicator for June 2015 has shown notifications of 4.72 percent, up from 4.68 percent in May.

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 percent in November 2008.

鈥淪S&C GlobeOp鈥檚 Forward Redemption Indicator for June 2015 of 4.72 percent reflects normal seasonally-elevated redemption requests, but viewed year-over-year it is an improvement from last June when the same indicator was 4.80 percent,鈥 said Bill Stone, chairman and CEO of SS&C Technologies.

鈥淭hough this represents only a small gain, it is the first positive monthly comparison since January and suggests that investor sentiment may be turning more optimistic regarding prospects for hedge fund performance.鈥

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 assets under administration at the beginning of the month.

The data on the GlobeOp platform represents approximately 10 percent of the hedge fund industry.
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