Forward redemptions from hedge funds slightly increased in September, according to SS&C GlobeOp. But the fund administrator said that a modest rise is to be expected as quarter-end approaches.
The SS&C GlobeOp Forward Redemption Indicator showed notifications of 3.76% for September, up marginally from 3.34% in August. But Bill Stone, chairman and CEO of SS&C Technologies, observed that the relatively modest level of redemptions suggests that alternative investments are continuing to appeal to investors.
“Forward redemptions slightly increased in September which is typical as we approach quarter-end but redemption notices still remained at moderate levels indicating that alternative