New York (HedgeCo.net) – The SS&C GlobeOp Forward Redemption Indicator came in at 4.98% for December which is an increase from the 4.9% reading in November.

SS&C released the information in a press release on Monday. “SS&C GlobeOp’s Forward Redemption Indicator increased slightly to 4.98% for December 2015 from 4.90% in November,” said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. “December is typically the heaviest month of the year for redemptions and while this was certainly the case in 2015, it is noteworthy that the 4.98% reported was down sharply from the 5.87% reported a year ago in December of 2014. In fact, this December’s redemption rate is the lowest of any month of December since 2011.”

SS&C is a hedge fund service provider and the indicator is calculated from the redemption notices received by the hedge funds administered by the firm. The indicator peaked at 19.27% in November 2008 and has been trending lower since.

Rick Pendergraft
Research Analyst
HedgeCoVest