Tuesday, 9 February 2016
Last updated 19 min ago
Dec 20 2013 | 11:40am ET
The SS&C GlobeOp Forward Redemption Indicator for December 2013 measured 5.90%, up from 5.09% in November.
"In line with year-end averages, forward redemption requests increased for the month of December, with a majority of redemptions falling in the under-1-month category," 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.
The indicator is published on the 15th business day of the month.