Mixed results from SS&C indicators 21 May 2014Connecticut Reporter: Stephen Durham
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SS&C GlobeOp’s forward redemption indicator for May has shown notifications of 4.32 percent, up from 3.23 percent in April.
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, divided by the assets under administration at the beginning of the month for fund administration clients.
“Forward redemptions increased for the month of May, with the bulk of activity representing typical semi-annual requests,” said Bill Stone, chairman and CEO of SS&C technologies.
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.
Movements in the indicator reflect investor confidence in their allocations to hedge funds. Indicator data is based on actual investor redemption notifications received.
The SS&C GlobeOp hedge fund performance index increased by 7.76 percent over the last 12 months, while the capital movement index reached a 12-month low of 147.2 points in January 2014.
The data on GlobeOp’s platform represents approximately 10 percent of the hedge fund industry.
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