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SS&C: July Hedge Fund Redemptions Decrease

The SS&C GlobeOp Forward Redemption Indicator for July 2018 measured 2.40%, down from 4.17% in June. "SS&C GlobeOp's Forward Redemption Indicator for July 2018 was 2.40%, reflecting improved levels of redemption notices compared to the 2.57% reported for the same period a year ago in July 2017," said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. "Through the first half of the year, redemption notices have continued to trend favorably, showing investors remain confident in their hedge fund allocations." 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 SS&C GlobeOp platform....