WINDSOR, Conn., July 22, 2015 /PRNewswire/ – The SSC GlobeOp Forward Redemption Indicator for July 2015 measured 2.08%, down from 4.72% in June.
“July SSC GlobeOp’s Forward Redemption Indicator fell sharply in July to 2.08% from 4.72% in June,” said Bill Stone, Chairman and Chief Executive Officer, SSC Technologies. “While this reflects normal seasonality to an extent, the July reading is below last year’s 3.15% for July and, in fact, matches the lowest July figure since the index’ inception in 2008. This is consistent with other recent SSC GlobeOp data suggesting that investors are keeping their hedge fund allocations largely in place despite turmoil in international markets.”
The SSC GlobeOp Forward Redemption Indicator represents the sum of forward redemption notices received from investors in hedge funds administered by SSC GlobeOp on the SSC GlobeOp platform, divided by the AuA at the beginning of the month for SSC GlobeOp fund administration clients on the SSC GlobeOp platform. Forward redemptions as a percentage of SSC GlobeOp’s assets under administration on the SSC GlobeOp platform have trended significantly lower since reaching a high of 19.27% in November 2008. The next publication date is August 21, 2015.
Published on the 15th business day of the month, the SSC GlobeOp Forward Redemption Indicator presents a timely and accurate view of the redemption pipeline for investors in hedge funds on the SSC 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.
SSC GlobeOp Hedge Fund Performance Index
SSC GlobeOp Capital Movement Index
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