Foward Redemptions Decrease In July

Jul 22 2013 | 1:54pm ET

The SS&C GlobeOp Forward Redemption Indicator measured 2.71% for July, down from 3.88% in June.

“The July Indicator decreased from June by approximately 1%, but remains consistent with historical averages for the month,” 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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