New York (HedgeCo.Net) – SS&C GlobeOp announced that its Forward Redemption Indicator for December 2014 shows notifications of 5.87%. This figure is up from 5.05% in the previous month.
SS&C GlobeOp’s data on the GlobeOp platform represents approximately 10% of the hedge fund industry.
“In line with other year-end averages, December forward redemptions represented a 12 month-high, with the bulk of activity falling in the under 1 month category,” said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies.
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 January 23, 2015.
Editing by Alex Akesson
For HedgeCo.net
alex@hedgeco.net
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