Hedge Fund Redemption Requests Fall in October, SS&C Finds

For October 2014, the S&C GlobeOp Forward Redemption Indicator measured 3.12%, down from 3.25% in September.

“October’s forward redemptions decreased slightly from September but remain in line with historical averages,” says Bill Stone, chairman and CEO, SS&C Technologies.

The index was lower by .24 percentage points in comparison the same month last year, which was 3.36%. Most of the requests, accounting for 1.92% of assets under administration (AuA) were of between two and three months, while redemptions dated at greater than three months accounted for just 0.71%. 

The index represents the sum of forward redemption notices received from investors in hedge funds administered by SS&C GlobeOp through its platform. Movements in the indicator reflect investor confidence in their allocations to hedge funds.

However the firm says forward redemptions as a percentage of SS&C GlobeOp’s AuA on its platform have trended significantly lower.