SS&C GlobeOp Forward Redemption Indicator

Rhea-AI Summary

The SS&C GlobeOp Forward Redemption Indicator for July 2020 is reported at 2.64%, a decrease from 4.24% in June. This figure aligns with long-term averages and is an improvement compared to 2.69% from the previous year. Bill Stone, Chairman and CEO, emphasized the resilience of hedge fund asset retention amidst the COVID-19 pandemic. The indicator reflects investor confidence and is based on actual redemption notices. The next report will be released on August 21, 2020.

Positive

• Reduction in forward redemption rate from 4.24% in June to 2.64% in July, indicating improved investor confidence.
• Current rate aligns with long-term averages, suggesting stability in hedge fund asset retention.

Negative

• None.

WINDSOR, Conn., July 22, 2020 /PRNewswire/ -- The SS&C GlobeOp Forward Redemption Indicator for July 2020 measured 2.64%, down from 4.24% in June.

"SS&C GlobeOp's Forward Redemption Indicator for July 2020 of 2.64% is in line with long-term averages and compares favorably to the 2.69% reported a year ago," said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. "This month marks another strong result for hedge fund asset retention, which thus far has proven highly resilient in the face of the COVID-19 outbreak."

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 August 21, 2020.

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)	2.51%*
Year-to-date (YTD)	1.28%*
Last 12 month (LTM)	5.06%*
Life to date (LTD)	175.99%*
*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	132.34  in September 2019
12-month low	129.61 in January 2020
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	4.95% in December 2019
12-month low	2.26% in January 2020
Largest monthly change	9.60% in November 2008

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 Hedge Fund Index is available at www.sscglobeopindex.com or through a link on the homepage of www.sscglobeop.com. Alert and RSS subscriber options are available at www.sscglobeop.com. Index Twitter comments: #HFindex.

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 10% of the estimated assets currently invested in the hedge fund sector. The investment strategies of the funds in the indices span a representative industry sample. Data for middle and back office clients who are not fund administration clients is not included in the Index, but is included in the Company's results announcement figures.

SOURCE: GlobeOp SS&C

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 Windsor, Connecticut, and has offices around the world. Some 18,000 financial services and healthcare organizations, from the world's largest companies to small and mid-market firms, rely on SS&C for expertise, scale and technology.

Additional information about SS&C (NASDAQ: SSNC) is available at www.ssctech.com.

 

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SOURCE GlobeOp SS&C

FAQ

What is the SSNC Forward Redemption Indicator for July 2020?

The SSNC Forward Redemption Indicator for July 2020 is 2.64%, down from 4.24% in June.

How does the July 2020 Forward Redemption Indicator compare to last year?

The July 2020 Forward Redemption Indicator of 2.64% compares favorably to 2.69% reported a year ago.

What does the Forward Redemption Indicator indicate about hedge fund asset retention?

The Forward Redemption Indicator reflects a positive view of hedge fund asset retention, showing resilience during the COVID-19 pandemic.

When will the next SSNC Forward Redemption Indicator be published?

The next SSNC Forward Redemption Indicator will be published on August 21, 2020.