Hedge Fund Redemptions Rise in August

SS&C GlobeOp’s Forward Redemption Indicator measured 3.46% for August, compared to 2.08% in July.

SS&C’s indicator represents the sum of forward redemption notices, received from hedge fund investors, administered by SS&C on the SS&C GlobeOp platform, divided by the AuA at the beginning of the month for SS&C GlobeOp fund administration clients on the SS&C GlobeOp platform.

“SS&C GlobeOp’s Forward Redemption Indicator of 3.46% for August 2015 reflects mainly seasonal influences in comparison to the 2.08% reported in July of 2015,” says Bill Stone, chairman and chief executive officer, SS&C Technologies.

“On a Y-o-Y basis, the 3.46% for August of 2015 is sharply lower than August of 2014 which came in at 4.19%. In particular, there was a decline in near-term redemptions, which together with other recent SS&C GlobeOp index results, suggests that hedge funds are benefiting from the recent elevated market volatility.”