(Opalesque) The SS&C GlobeOp Forward Redemption Indicator for May 2019 measured 3.21%, up from 2.51% in April.”SS&C GlobeOp’s Forward Redemption Indicator of 3.21% for May 2019 was a strong result, coming in 26 basis points below the 3.47% reported for the same period a year ago in May 2018,” said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. “In fact, the current reading is the second lowest for any month of May since the indicator’s inception in 2008, showing that hedge fund asset retention continues to trend favorably,” Bill added.
SS&C GlobeOp Forward Redemption Indicator up 3.21% in May
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