Slightly more investors exit hedge funds 24 September 2013Connecticut Reporter: Georgina Lavers
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The SS&C GlobeOp Forward Redemption Indicator for September 2013 measured 4.21 percent, up from 4 percent in August.
"Forward redemptions increased slightly in September, with the bulk of activity reflecting quarter-end requests," said Bill Stone, chairman and CEO of 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 GlobeOp platform, divided by the AuA at the beginning of the month for SS&C GlobeOp fund administration clients on the GlobeOp platform.
Forward redemptions as a percentage of SS&C GlobeOp's assets under administration on the GlobeOp platform have trended significantly lower since reaching a high of 19.27 percent in November 2008. The next publication date is October 21, 2013.
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