SS&C GlobeOp Forward Redemption Indicator for October 2015 showed that notifications have dipped to 2.96 percent from 3.79 percent in September.
This is still an improvement from the summer’s low of 2.08 percent, which fell dangerously close to the all-time low of 1.85 percent, recorded in January 2012.
The Forward Redemption Indicator represents the total of forward redemption notices received from hedge fund investors divided by the assets under administration of SS&C GlobeOp fund administration clients as of the beginning of the month. It reached an all-time high of 19.27 percent in November 2008, and a 12-month high of 5.87 percent in December.
According to SS&C, data on the platform represents about 10 percent of the whole hedge fund industry.
Bill Stone, chairman and CEO of SS&C Technologies, pointed out that the result for October 2015 is also down year-on-year; the figure for October 2014 was 3.12 percent.
He said: “This marks a reversal of last month’s uptick in the Forward Redemption Indicator, perhaps suggesting that the bulk of investors’ rebalancing in the face of elevated market volatility has been accomplished.”
The SS&C GlobeOp hedge fund performance index reported a flash estimate of -1.56 percent, a slight drop from -1.02 percent. Year-to-date the performance has achieved 4.53 percent, while the last 12 months has seen an increase of 5.32 percent.
