(Opalesque) The SS&C GlobeOp Forward Redemption Indicator for September 2017 measured 3.72%, up from 3.55% in August.
“SS&C’s Forward Redemption Indicator for September 2017 fell to 3.72% as compared to the 4.22% reported for the same period a year ago in September 2016. This decline marks the eighth consecutive month of year-over-year improvement in redemption notices,” said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. “It’s noteworthy that these gains in asset retention have been made in a year of generally bullish financial market performance, indicating that investors are confident that hedge fund managers can deliver value-added even in strongly directional markets.”
SS&C GlobeOp Forward Redemption Indicator: September Notifications 3.72%
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