The SS&C GlobeOp Forward Redemption Indicator (FRI) for March 2014 measured at 3.23%, down 3.81% from March.
However, the FRI is still up from a 12-month low of 2.67% in January of this year, after reaching a 12-month high of 5.90% in December 2013.
The FRI 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 assets under administration at the beginning of the month for SS&C GlobeOp fund administration clients on the GlobeOp platform. The administrator’s data represents roughly 10% of the hedge fund industry.
SS&C GlobeOp Forward Redemption Indicator Down for April
The SS&C GlobeOp Forward Redemption Indicator (FRI) for March 2014 measured at 3.23%, down 3.81% from March.
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