The SS&C GlobeOp Forward Redemption Indicator for October 2022 measured 2.35%, down from September's figure of 2.67%.

The 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.

"SS&C GlobeOp's Forward Redemption Indicator for October 2022 was 2.35%. Higher than the record low of 1.56% reported a year ago, though still better than the long-term average for October redemption notices," said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. "The result is consistent with recent months' data in which redemptions have moved off the historically low levels experienced since the COVID-19 outbreak but have remained generally favourable."