SS&C GlobeOp Forward Redemption Indicator At 2.91% For March
The SS&C GlobeOp Forward Redemption Indicator for March 2018 measured 2.91%, up from 2.71% in February.
"SS&C GlobeOp's Forward Redemption Indicator for March 2018 was 2.91%, a year-over-year improvement from the 3.48% reported for the same period a year ago for March of 2017. This favorable result continues the trend of strong hedge fund asset retention, as we have now seen 14 consecutive months of year-over-year improvement in redemption notices," said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. "Coming in the wake of severe equity and interest rate volatility in late January and February, the low level of redemptions indicates investor confidence in hedge funds' ability to benefit from changing markets."