New York (HedgeCo.Net) – Today SS&C GlobeOp announced that its Forward Redemption Indicator for November shows notifications of 5.05%. This figure is up from 3.12% in October.
“In line with seasonal expectations, forward redemption requests increased in November due to year-end investor rebalancing,” said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies.
SS&C GlobeOp’s data on the GlobeOp platform represents approximately 10% of the hedge fund industry.
Alex Akesson
For HedgeCo.net
alex@hedgeco.net
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