SS&C forward redemptions up in June
19 June 2015 London
Image: Shutterstock
SS&C GlobeOp’s 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.
“SS&C GlobeOp’s 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,” said Bill Stone, chairman and CEO of SS&C Technologies.
“Though 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.”
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.
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 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,” said Bill Stone, chairman and CEO of SS&C Technologies.
“Though 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.”
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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