SS&C Forward Redemption Indicator Rises in May

The SS&C GlobeOp Forward Redemption Indicator measured 4.32% for May 2014, up from 3.23% in April.
By Jake Safane(2147484770)
The SS&C GlobeOp Forward Redemption Indicator measured 4.32% for May 2014, up from 3.23% in April.

“Forward redemptions increased for the month of May, with the bulk of activity representing typical semi-annual requests,” says Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies.

Most redemption notices came in the one-to-two month range, measuring 3.03%. Redemptions over three months were second highest at 0.67%, followed by less than one month at 0.57% and two-to-three months at 0.05%.

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