SS&C’s Forward Redemption Indicator for September 2017 fell to 3.72% as compared to the 4.22% reported for the same period a year ago in September 2016. This decline marks the eighth consecutive month of year-over-year improvement in redemption notices,” said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. “It’s noteworthy that these gains in asset retention have been made in a year of generally bullish financial market performance, indicating that investors are confident that hedge fund managers can deliver value-added even in strongly directional markets.”
The SS&C GlobeOp Forward Redemption Indicator represents the sum of forward redemption notices received from investors in hedge funds administered by SS&C GlobeOp on the SS&C GlobeOp platform, divided by the AuA at the beginning of the month for SS&C GlobeOp fund administration clients on the SS&C GlobeOp platform. Forward redemptions as a percentage of SS&C GlobeOp's assets under administration on the SS&C GlobeOp platform have trended significantly lower since reaching a high of 19.27% in November 2008. The next publication date is October 20, 2017.