Foward Redemptions Hit 5.90% In December

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.

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