The SS&C GlobeOp Forward Redemption Indicator for December 2015 measured 4.98%, up from 4.90% in November.
"SS&C GlobeOp's Forward Redemption Indicator increased slightly to 4.98% for December 2015 from 4.90% in November," said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. "December is typically the heaviest month of the year for redemptions and while this was certainly the case in 2015, it is noteworthy that the 4.98% reported was down sharply from the 5.87% reported a year ago in December of 2014. In fact, this December's redemption rate is the lowest of any month of December since 2011."
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% in November 2008. The next publication date is January 25, 2016.
Published on the 15th business day of the month, the SS&C GlobeOp Forward Redemption Indicator presents a timely and accurate view of the redemption pipeline for investors in hedge funds on the SS&C GlobeOp administration platform. Movements in the Indicator reflect investor confidence in their allocations to hedge funds. Indicator data is based on actual investor redemption notifications received. Unlike subscriptions, redemption notifications are typically received 30-90 days in advance of the redemption date. Investors may, and sometimes do, cancel redemption notices. In addition, the establishment and enforcement of redemption notices may vary from fund to fund.
SS&C GlobeOp Hedge Fund Performance Index
Base | 100 points on 31 December 2005 |
Flash estimate (current month) | 0.21%* |
Year-to-date (YTD) | 5.37%* |
Last 12 month (LTM) | 5.53%* |
Life to date (LTD) | 119.80%* |
*All numbers reported above are gross |
SS&C GlobeOp Capital Movement Index
Base | 100 points on 31 December 2005 |
All time high | 150.77 in September 2013 |
All time low | 99.67 in January 2006 |
12-month high | 147.58 in March 2015 |
12-month low | 144.51 in July 2015 |
Largest monthly change | - 15.21 in January 2009 |
SS&C GlobeOp Forward Redemption Indicator
All time high | 19.27% in November 2008 |
All time low | 1.85% in January 2012 |
12-month high | 4.98% in December 2014 |
12-month low | 2.08% in July 2015 |
Largest monthly change | 9.60% in November 2008 |
