SS&C GlobeOp Forward Redemption Indicator Is Up in December

The SS&C GlobeOp Forward Redemption Indicator for December 2013 measured 5.90%, up from 5.09% in November.

The SS&C GlobeOp Forward Redemption Indicator 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.

“In line with year-end averages, forward redemption requests increased for the month of December, with a majority of redemptions falling in the under 1 month category,” said Bill Stone, chairman and CEO, SS&C Technologies.

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 January 23, 2014.