SS&C GlobeOp: Forward Redemptions Up to 3.91% in March

Mar 20 2015 | 9:11am ET

Hedge fund administrator SS&C GlobeOp’s Forward Redemption Indicator rose to 3.91% in the 30 days through March 15, up from 3.64% in February and 2.49% in the January period.

Despite the rise since the start of the year, “March redemption requests are in line with prior-year levels and represent quarter-end activity, plus slightly higher redemptions planned for the long-term,” according to Bill Stone, CEO of SS&C Technologies.

The figure averaged 3.79% during 2014 and 5% since inception in 2008. It reached a high of more than 19% in November 2008 during the height of the financial crisis. 

The measure, which is calculated as a percentage of forward withdrawal requests expressed as a percentage of assets under SS&C GlobeOp’s administration, is used as an indicator of hedge fund investor sentiment. Decreases reflect increasing confidence in hedge fund allocations, while increases suggest the opposite. 

The company estimates the data represents approximately 10% of the assets invested in the hedge fund sector.

SS&C was founded in 1986 and is a provider of investment and financial software and services for approximately 6,900 global financial services companies managing an aggregate $26 trillion in assets.


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