Forward redemptions up in May for SS&C

21 May 2015 Windsor, Connecticut
Reporter: Stephen Durham

Image: Shutterstock

SS&C GlobeOp’s Forward Redemption Indicator for May 2015 has shown notifications of 4.68 percent, up from 3.36 percent in April.

Bill Stone, chairman and CEO of SS&C Technologies said that the rise in forward redemptions is mainly reflective of seasonality, as the increase year-over-year is only 36 basis points from the 4.32 percent for May 2014.

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.

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.

SS&C GlobeOp’s data on the GlobeOp platform represents approximately 10 percent of the hedge fund industry.

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