The SS&C GlobeOp Forward Redemption Indicator for April 2021 measured 2.07 per cent, down from 2.49 per cent in March.
"SS&C GlobeOp's Forward Redemption Indicator of 2.07 per cent for April 2020 continues a positive trend which now includes ten consecutive months of lower year-over-year redemptions," says Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. "The 2.07 per cent reported for the indicator compares favourably to the 3.02 per cent reported a year ago and is also the second lowest calendar month of April since the Forward Redemption Indicator's inception in 2006.
"Asset retention for the hedge fund industry has been running consistently at or near record strength since the Covid-19 outbreak."
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