New York (HedgeCo.net) \u2013 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. <\/p>\n
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.”<\/p>\n
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.<\/p>\n
Rick Pendergraft
\nResearch Analyst
\nHedgeCoVest<\/p>\n","protected":false},"excerpt":{"rendered":"
New York (HedgeCo.net) \u2013 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 […]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[919,16,3,16048],"tags":[],"class_list":["post-51038","post","type-post","status-publish","format-standard","hentry","category-hedge-fund-research","category-hedgeco-networks-press-releases","category-hedgeco-news","category-hedgecovest-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/51038","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=51038"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/51038\/revisions"}],"predecessor-version":[{"id":51039,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/51038\/revisions\/51039"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=51038"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=51038"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=51038"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}