New York (HedgeCo.Net) – Today SS&C GlobeOp announced that its Forward Redemption Indicator for August shows notifications of 4.19%. This figure is up from 3.15% in July.
SS&C GlobeOp’s data on the GlobeOp platform represents approximately 10% of the hedge fund industry. Below the announcement you will see some historic peaks/lows with regards to the Index.
“Redemption notifications increased by about 1% for the month, but remain moderate and in line with activity this time last year,” said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies.
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 GlobeOp platform, divided by the AuA at the beginning of the month for SS&C GlobeOp fund administration clients on the GlobeOp platform. Forward redemptions as a percentage of SS&C GlobeOp’s assets under administration on the GlobeOp platform have trended significantly lower since reaching a high of 19.27% in November 2008. The next publication date is September 22, 2014.