Forward Redemptions Up 3.77% In May

May 21 2013 | 9:53am ET

The SS&C GlobeOp Forward Redemption Indicator for May measured 3.77%, up from 2.95% in April.

“Redemption requests are in line with the May historical averages,” said Bill Stone, chairman and chief executive officer, 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.

The indicator is published on the 15th business day of the month.

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