Forward redemptions creep upwards 20 March 2015Windsor Reporter: Mark Dugdale
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The SS&C GlobeOp Forward Redemption Indicator for March measured 3.91 percent, up from 3.64 percent in February.
“March redemption requests are in line with prior-year levels and represent quarter-end activity, plus slightly higher redemptions planned for the long-term,” said Bill Stone, chairman and CEO at SS&C Technologies.
Forward redemptions as a percentage of assets under administration on the SS&C GlobeOp platform have trended significantly lower since reaching a high of 19.27 percent in November 2008, added the firm.
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