SS&C GlobeOp Forward Redemption Indicator November notifications at 3.63 per cent
20/11/2020 - 5:01pm
The SS&C GlobeOp Forward Redemption Indicator for November 2020 measured 3.63 per cent, up from 2.84 per cent in October.
"SS&C GlobeOp's Forward Redemption Indicator of 3.63 per cent for November 2020 represents a decrease in redemption notices from the 4.81 per cent reported for November of 2019," says Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. "This strong result also marks the fifth consecutive month of lower year-over-year comparisons for redemptions, as well as the lowest for any month of November since 2011.
"The favourable trend in hedge fund asset retention that emerged following the Covid-19 outbreak appears to be firmly intact, heading toward year-end." -