The SS&C GlobeOp Forward Redemption Indicator for February 2017 measured 3.25 per cent, up from 2.60 per cent in January.

"SS&C GlobeOp's Forward Redemption Indicator for February of 2017 was 3.25 per cent, which edged down the 3.27 per cent reported a year ago for February 2016 to become the second lowest reading for the month of February since the indicator was first reported in 2008 (the year 2012 saw the lowest February reading ever at 3.14 per cent, 11 bps better than the current month)," says Bill Stone (pictured), chairman and chief executive officer, SS&C Technologies.
 
"We view this result as very favourable as it indicates hedge fund investor confidence remains strong amid changing markets, including the potential for changes in fiscal and monetary policy ahead."
 
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, divided by the AuA at the beginning of the month for SS&C GlobeOp fund administration clients on the SS&C GlobeOp platform.
 
Forward redemptions as a percentage of SS&C GlobeOp's assets under administration on the SS&C GlobeOp platform have trended significantly lower since reaching a high of 19.27 per cent in November 2008.
 
The next publication date is 21 March 2017.