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SS&C: June Hedge Fund Redemptions Increase

The SS&C GlobeOp Forward Redemption Indicator for June 2018 measured 4.17%, up from 3.47% in May. "SS&C GlobeOp's Forward Redemption Indicator for June 2018 was 4.17%, an increase from the 3.59% reported for the same period a year ago for June 2017," said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. "Recent months' redemptions are running somewhat higher than the very low levels seen in 2017, but remain in line with historical averages." 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....