SS&C GlobeOp sees investors wary of hedge funds
21 August 2012 London & New York
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The SS&C GlobeOp Forward Redemption Indicator for August 2012 measured 3.34 percent, up from 2.18 percent in July and reflecting increased investor demands to exit hedge funds.
"Forward redemptions increased in August which is typical as we approach quarter end but redemption notices remained at moderate levels indicating continued investor satisfaction with alternatives," said Bill Stone, chairman and CEO at 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.
SS&C GlobeOp’s total assets under administration on the GlobeOp platform, at $187 billion, represent approximately 10 percent of the estimated assets currently invested in the hedge fund sector.
The investment strategies of the funds in the indices span a representative industry sample. Data for middle and back office clients who are not fund administration clients is not included in the Index, but is included in the SS&C Technologies company’s results announcement figures.
"Forward redemptions increased in August which is typical as we approach quarter end but redemption notices remained at moderate levels indicating continued investor satisfaction with alternatives," said Bill Stone, chairman and CEO at 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.
SS&C GlobeOp’s total assets under administration on the GlobeOp platform, at $187 billion, represent approximately 10 percent of the estimated assets currently invested in the hedge fund sector.
The investment strategies of the funds in the indices span a representative industry sample. Data for middle and back office clients who are not fund administration clients is not included in the Index, but is included in the SS&C Technologies company’s results announcement figures.
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