Wednesday, 31 August 2016
Last updated 2 hours ago
Aug 21 2012 | 8:34am ET
The SS&C GlobeOp Forward Redemption Indicator for August 2012 measured 3.34%, up from 2.18% in July.
"Forward redemptions increased in August which is typical as we approach quarter end but redemption notices remained at moderate levels indicating continued investor satisfaction with alternatives," said Bill Stone, chairman and CEO, SS&C Technologies.
The indicator represents the sum of forward redemption notices received from investors in hedge funds administered by SS&C GlobeOp divided by assets under administration at the beginning of the month.