SS&C GlobeOp measures August increase 21 August 2013Connecticut Reporter: Jenna Jones
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The SS&C GlobeOp Forward Redemption Indicator for August has shown notifications of 4 percent, up from 2.71 percent in July.
The forward redemption indicator represents the sum of forward redemption notices received from investors in hedge funds administered by SS&C GlobeOp on the GlobeOp platform.
Bill Stone, chairman and CEO of SS&C Technologies, said: “August redemption requests increased from July by over 1 percent, but remain moderate and in-line with past averages.”
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