SS&C sees increases in August
21 August 2015 Windsor, Connecticut
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SS&C GlobeOp’s Forward Redemption Indicator shows that notifications recovered somewhat, increasing from July’s 2.08 percent dip to reach a figure of 3.46 percent in August.
The indicator represents the sum of forward redemption notices received from hedge fund investors, divided by the assets under administration of SS&C GlobeOp fund administration clients at the beginning of the month. It reached an all-time high of 19.27 percent in November 2008, and a 12-month high of 5.87 percent in December.
Data on the platform represents about 10 percent of the whole hedge fund industry.
Bill Stone, chairman and CEO of SS&C Technologies, attributed the change primarily to seasonal changes, however he pointed out that August 2015’s figure was still less than the same time last year.
He said: “It’s noteworthy that on a year-over-year basis, the 3.46 percent for August of 2015 is sharply lower than August of 2014 which came in at 4.19 percent. In particular, there was a decline in near-term redemptions, which together with other recent SS&C GlobeOp index results, suggests that hedge funds are benefiting from the recent elevated market volatility.”
The SS&C GlobeOp hedge fund performance index reported a flash estimate of 0.69 percent, a considerable improvement on July’s estimate of -0.65. Year-to-date the performance has achieved 7.51 percent, while the last 12 months has seen an increase of 9.8 percent.
The indicator represents the sum of forward redemption notices received from hedge fund investors, divided by the assets under administration of SS&C GlobeOp fund administration clients at the beginning of the month. It reached an all-time high of 19.27 percent in November 2008, and a 12-month high of 5.87 percent in December.
Data on the platform represents about 10 percent of the whole hedge fund industry.
Bill Stone, chairman and CEO of SS&C Technologies, attributed the change primarily to seasonal changes, however he pointed out that August 2015’s figure was still less than the same time last year.
He said: “It’s noteworthy that on a year-over-year basis, the 3.46 percent for August of 2015 is sharply lower than August of 2014 which came in at 4.19 percent. In particular, there was a decline in near-term redemptions, which together with other recent SS&C GlobeOp index results, suggests that hedge funds are benefiting from the recent elevated market volatility.”
The SS&C GlobeOp hedge fund performance index reported a flash estimate of 0.69 percent, a considerable improvement on July’s estimate of -0.65. Year-to-date the performance has achieved 7.51 percent, while the last 12 months has seen an increase of 9.8 percent.
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