The SS&C GlobeOp Forward Redemption Indicator for June 2021 measured 2.68 per cent, up from 2.46 per cent in May.
The SS&C GlobeOp Forward Redemption Indicator for June 2021 measured 2.68 per cent, up from 2.46 per cent in May.
"SS&C GlobeOp's Forward Redemption Indicator for June 2021 of 2.68 per cent reflects a 37 per cent reduction in redemption notices compared to the 4.24 per cent reported a year ago," says Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. "Notably, the reading of 2.68 per centmarks the twelfth consecutive monthly decline in year-over-year redemption levels and is the lowest level of redemptions for any month of June since the Indicator's inception in 2006.
"Fifteen months after the Covid-19 outbreak first impacted markets, the favorable trend in hedge fund asset retention remains firmly intact."
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