Forward redemptions down for SS&C in April
22 April 2015 Windsor, Connecticut
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SS&C GlobeOp鈥檚 Forward Redemption Indicator for April 2015 has shown notifications of 3.36 percent, down from 3.91 percent in March.
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.
Despite the fall in notifications, SS&C have confirmed that this is to be expected in the context of the year.
鈥淭he Forward Redemption Indicator for both April and year-to-date 2015 are consistent with seasonal trends and closely in line with year-ago numbers. This suggests the hedge fund sector remains stable,鈥� said Bill Stone, chairman and CEO of SS&C Technologies.
SS&C GlobeOp鈥檚 data on the GlobeOp platform represents approximately 10 percent of the hedge fund industry. The next publication date 21 May 2015.
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.
Despite the fall in notifications, SS&C have confirmed that this is to be expected in the context of the year.
鈥淭he Forward Redemption Indicator for both April and year-to-date 2015 are consistent with seasonal trends and closely in line with year-ago numbers. This suggests the hedge fund sector remains stable,鈥� said Bill Stone, chairman and CEO of SS&C Technologies.
SS&C GlobeOp鈥檚 data on the GlobeOp platform represents approximately 10 percent of the hedge fund industry. The next publication date 21 May 2015.
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