Forward redemptions creep upwards
20 March 2015 Windsor
Image: Shutterstock
The SS&C GlobeOp Forward Redemption Indicator for March measured 3.91 percent, up from 3.64 percent in February.
“March redemption requests are in line with prior-year levels and represent quarter-end activity, plus slightly higher redemptions planned for the long-term,” said Bill Stone, chairman and CEO at SS&C Technologies.
Forward redemptions as a percentage of assets under administration on the SS&C GlobeOp platform have trended significantly lower since reaching a high of 19.27 percent in November 2008, added the firm.
“March redemption requests are in line with prior-year levels and represent quarter-end activity, plus slightly higher redemptions planned for the long-term,” said Bill Stone, chairman and CEO at SS&C Technologies.
Forward redemptions as a percentage of assets under administration on the SS&C GlobeOp platform have trended significantly lower since reaching a high of 19.27 percent in November 2008, added the firm.
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Securities Finance Times
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Securities Finance Times
