Forward redemption down for October 21 October 2014Connecticut Reporter: Stephen Durham
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SS&C GlobeOp Forward Redemption Indicator for October has shown notifications of 3.12 percent, down from 3.25 percent in September.
Forward redemptions as a percentage of SS&C GlobeOp's assets under administration on the SS&C GlobeOp platform have trended significantly lower since reaching a high of 19.27 percent in November 2008.
The indicator’s all time low came during January 2012 when it fell to 1.85 percent, while the 12-month low was 2.67 percent in January 2014.
“October’s forward redemptions decreased slightly from September, but remain in line with historical averages,” said Bill Stone, chairman and CEO of SS&C Technologies.
On SS&C GlobeOp’s Hedge Fund Performance Index, the flash estimate for October currently stands at 0.24 percent above gross, down from 5.34 percent year-to-date.
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