SS&C GlobeOp’s Forward Redemption Indicator, representing forward redemption notices received from investors in hedge funds, shows notifications of 2.95% in April. This figure is down from 4.33% in March.
The figure 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 May 21, 2013.
SS&C expects less volatility in the indicator over coming months as investors wait to see how hedge funds perform.
SS&C GlobeOp’s data on the GlobeOp platform represents approximately 10% of the hedge fund industry.
“April redemption activity decreased from March and remains consistent with historical averages,” said Bill Stone chairman and CEO, SS&C Technologies.