Year-to-date figures show rise for SS&C 21 August 2014Windsor Reporter: Catherine Van de Stouwe
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SS&C Technologies’ Forward Redemption Indicator for August shows notifications of 4.19 percent, up from 3.15 percent in July’s figures.
The GlobalOp platform represents approximately 10 percent of the hedge fund industry in the last twelve months, which is up nearly 4 percent year-to-date.
Assets under administration on the GlobalOp platform have trended significantly lower since reaching a high of 19.72 percent in November 2008.
Chairman and CEO of SS&C, Bill Stone, said: “Redemption notifications increased by about 1 percent for the month, but remain moderate and in line with activity this time last year.”
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