SS&C GlobeOp Forward Redemption Indicator
SS&C GlobeOp reported a Forward Redemption Indicator of 3.54% for December 2024, up from 2.91% in November but below the 10-year average of 4.27%. The indicator reflects redemption notices from hedge fund investors on SS&C's platform.
The company's Hedge Fund Performance Index showed a flash estimate of 2.32% for the current month, with year-to-date returns at 8.89% and last 12-month performance at 11.13%. The Capital Movement Index reached a 12-month high of 125.42 in December 2024.
Despite strong equity market performance over the past two years, SS&C anticipates strong asset retention heading into 2025, citing potential economic headwinds creating opportunities for hedge fund returns.
SS&C GlobeOp ha riportato un Indicatore di Rimborso Anticipato del 3,54% per dicembre 2024, in aumento rispetto al 2,91% di novembre, ma al di sotto della media decennale del 4,27%. Questo indicatore riflette le comunicazioni di rimborso da parte degli investitori di hedge fund sulla piattaforma di SS&C.
L'Indice di Performance degli Hedge Fund dell'azienda ha mostrato una stima flash del 2,32% per il mese corrente, con rendimenti da inizio anno al 8,89% e performance degli ultimi 12 mesi al 11,13%. L'Indice di Movimento dei Capitani ha raggiunto un massimo di 12 mesi di 125,42 a dicembre 2024.
Nonostante la forte performance del mercato azionario negli ultimi due anni, SS&C prevede una solida retention degli asset entrando nel 2025, citando potenziali venti contrari nell'economia che creano opportunità per i rendimenti degli hedge fund.
SS&C GlobeOp informó un Indicador de Redención Anticipada del 3,54% para diciembre de 2024, un aumento desde el 2,91% en noviembre, pero por debajo del promedio de 10 años del 4,27%. El indicador refleja los avisos de redención de los inversores de fondos de cobertura en la plataforma de SS&C.
El Índice de Rendimiento de Fondos de Cobertura de la compañía mostró una estimación rápida del 2,32% para el mes actual, con rendimientos acumulados del 8,89% y desempeño de los últimos 12 meses del 11,13%. El Índice de Movimiento de Capital alcanzó un máximo de 12 meses de 125,42 en diciembre de 2024.
A pesar del sólido rendimiento del mercado de acciones en los últimos dos años, SS&C anticipa una fuerte retención de activos rumbo a 2025, citando vientos en contra económicos que crean oportunidades para los rendimientos de los fondos de cobertura.
SS&C GlobeOp는 2024년 12월을 위한 3.54%의 조기 환매 지표를 보고했으며, 이는 11월의 2.91%에서 상승했지만 10년 평균 4.27%보다는 낮습니다. 이 지표는 SS&C 플랫폼의 헤지펀드 투자자들로부터의 환매 통지를 반영합니다.
회사의 헤지펀드 성과 지수는 현재 월에 대한 2.32%의 속보 추정치를 보여주며, 연초 대비 수익률은 8.89%, 최근 12개월 성과는 11.13%입니다. 자본 이동 지수는 2024년 12월에 12개월 최고치인 125.42에 도달했습니다.
지난 2년 동안의 강력한 주식 시장 성과에도 불구하고, SS&C는 2025년으로 향하면서 강력한 자산 유지를 예상하고 있으며, 이는 헤지펀드 수익을 위한 기회를 만드는 경제적 역풍을 언급하고 있습니다.
SS&C GlobeOp a rapporté un Indicateur de Rachat Anticipé de 3,54% pour décembre 2024, en hausse par rapport à 2,91% en novembre, mais en dessous de la moyenne décennale de 4,27%. Cet indicateur reflète les avis de rachat des investisseurs hedge funds sur la plateforme de SS&C.
L'Indice de Performance des Hedge Funds de l'entreprise a montré une estimation flash de 2,32% pour le mois en cours, avec des rendements depuis le début de l'année à 8,89% et une performance des 12 derniers mois à 11,13%. L'Indice de Mouvement des Capitaux a atteint un niveau record de 12 mois de 125,42 en décembre 2024.
Malgré la forte performance du marché boursier au cours des deux dernières années, SS&C anticipe une forte rétention d'actifs en 2025, citant des vents économiques contraires créant des opportunités pour les rendements des hedge funds.
SS&C GlobeOp meldete einen Vorzeitigen Rückzahlungsindikator von 3,54% für Dezember 2024, was einen Anstieg von 2,91% im November darstellt, aber unter dem 10-Jahres-Durchschnitt von 4,27% liegt. Der Indikator spiegelt Rückzahlungsmitteilungen von Hedgefonds-Investoren auf der Plattform von SS&C wider.
Der Hedgefonds-Performance-Index des Unternehmens zeigte eine Blitzschätzung von 2,32% für den aktuellen Monat, mit einer Jahresrendite von 8,89% und einer Performance der letzten 12 Monate von 11,13%. Der Kapitalbewegungsindex erreichte im Dezember 2024 einen 12-Monats-Höchststand von 125,42.
Trotz der starken Performance des Aktienmarktes in den letzten zwei Jahren erwartet SS&C eine starke Asset-Retention auf dem Weg ins Jahr 2025 und nennt potenzielle wirtschaftliche Gegenwinde, die Chancen für Hedgefonds-Renditen schaffen.
- Forward Redemption Indicator (3.54%) remains below 10-year average (4.27%)
- Strong hedge fund performance with 11.13% return over last 12 months
- Capital Movement Index reached 12-month high of 125.42 in December 2024
- Redemption rate increased from 2.91% to 3.54% month-over-month
- Anticipated economic headwinds could impact future performance
Insights
The latest Forward Redemption Indicator reveals a nuanced picture of hedge fund investor sentiment. The 3.54% redemption rate for December, while higher than November's 2.91%, remains well below the 10-year average of 4.27%. This suggests relatively stable investor confidence despite market uncertainties. The 8.89% YTD performance and 11.13% LTM returns demonstrate resilient fund performance in a challenging macro environment.
The data presents a compelling narrative when viewed through a historical lens. Current redemption levels are significantly healthier compared to the all-time high of 19.27% during the 2008 financial crisis. The moderate increase in redemptions likely reflects standard year-end portfolio rebalancing rather than broader market concerns. The 280.84% life-to-date performance underscores the long-term viability of hedge fund strategies.
Looking ahead to 2025, the lower-than-average redemption rate combined with strong performance metrics suggests hedge funds are well-positioned to capitalize on market inefficiencies and generate alpha in an increasingly complex investment landscape. The modest redemption level indicates investors are maintaining their hedge fund allocations as a strategic portfolio component.
Analyzing the Capital Movement Index trends reveals important market dynamics. The current reading near the 12-month high of 125.42 indicates robust capital stability in the hedge fund sector. The narrow range between the 12-month high and low (123.64) suggests consistent investor confidence throughout 2024, despite various market challenges.
The forward redemption pattern shows strategic investor positioning rather than defensive outflows. The spread between the current 3.54% rate and the historical low of 1.48% from April 2022 provides context for normal market functioning. Notably, the monthly variation remains well within expected parameters, unlike the extreme 9.60% swing observed in November 2008.
For SS&C Technologies, these metrics reflect positively on their fund administration business stability. The consistent capital flows and performance data indicate a healthy business environment for their hedge fund services platform, supporting their market position in the fund administration space.
SS&C GlobeOp Forward Redemption Indicator: December notifications
"SS&C GlobeOp's Forward Redemption Indicator for December 2024 was
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
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) | |
Year-to-date (YTD) | |
Last 12 month (LTM) | |
Life to date (LTD) | |
*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 | 125.42 in December 2024 |
12-month low | 123.64 in April 2024 |
Largest monthly change | - 15.21 in January 2009 |
SS&C GlobeOp Forward Redemption Indicator
All time high | |
All time low | |
12-month high | |
12-month low | |
Largest monthly change |
About the SS&C GlobeOp Hedge Fund Index®
The SS&C GlobeOp Hedge Fund Index (the Index) is a family of indices published by SS&C GlobeOp. A unique set of indices by a hedge fund administrator, it offers clients, investors and the overall market a welcome transparency on liquidity, investor sentiment and performance. The Index is based on a significant platform of diverse and representative assets.
The SS&C GlobeOp Capital Movement Index and the SS&C GlobeOp Forward Redemption Indicator provide monthly reports based on actual and anticipated capital movement data independently collected from all hedge fund clients for whom SS&C GlobeOp provides administration services on the SS&C GlobeOp platform.
The SS&C GlobeOp Hedge Fund Performance Index is an asset-weighted benchmark of the aggregate performance of funds for which SS&C GlobeOp provides monthly administration services on the SS&C GlobeOp platform. Flash estimate, interim and final values are provided, in each of three months respectively, following each business month-end.
While individual fund data is anonymized by aggregation, the SS&C GlobeOp Hedge Fund Index data will be based on the same reconciled fund data that SS&C GlobeOp uses to produce fund net asset values (NAV). Funds acquired through the acquisition of Citi Alternative Investor Services are integrated into the index suite starting with the January 2017 reporting periods. SS&C GlobeOp's total assets under administration on the SS&C GlobeOp platform represent approximately
About SS&C Technologies
SS&C is a global provider of services and software for the financial services and healthcare industries. Founded in 1986, SS&C is headquartered in
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SS&C (Nasdaq: SSNC) is available at www.ssctech.com.
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SOURCE SS&C
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