SS&C GlobeOp Forward Redemption Indicator

Rhea-AI Summary

SS&C GlobeOp Forward Redemption Indicator for December 2022 is reported at 4.35%, up from 3.39% in November. This rise is attributed to investors adjusting allocations ahead of the year-end. Bill Stone, CEO, stated that the increase reflects investor confidence and that hedge funds have remained a strong investment option amid historic market drawdowns. The indicator reflects redemptions from hedge funds administered on the SS&C GlobeOp platform, measuring investor sentiment towards hedge fund allocations. The next report is scheduled for January 23, 2023.

Positive

• Increase in Forward Redemption Indicator to 4.35%, indicating improved investor sentiment.
• Reflects strong asset retention for hedge funds heading into 2023.

Negative

• None.

SS&C GlobeOp Forward Redemption Indicator: December notifications 4.35%

WINDSOR, Conn., Dec. 29, 2022 /PRNewswire/ -- SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced that the SS&C GlobeOp Forward Redemption Indicator for December 2022 measured 4.35%, up from 3.39% in November.

"SS&C GlobeOp's Forward Redemption Indicator for December 2022 was 4.35% and consistent with longer term averages as investors adjusted allocations with calendar year-end rebalancing," said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. "With historic drawdowns across most asset classes, hedge funds provided one of the few bright spots for investors in 2022, an indicator that hedge fund asset retention should remain strong heading into 2023."

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  January 23, 2023.

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)	-0.09%*
Year-to-date (YTD)	-2.93%*
Last 12 month (LTM)	-2.33%*
Life to date (LTD)	219.61%*
*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	132.70  in March 2022
12-month low	131.52 in October 2022
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	1.48% in April 2022
12-month high	4.35% in December 2022
12-month low	1.48% in April 2022
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.

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.

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 20,000 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.

SOURCE: SS&C

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

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SOURCE SS&C

FAQ

What was the SSNC Forward Redemption Indicator for December 2022?

The SSNC Forward Redemption Indicator for December 2022 was 4.35%, up from 3.39% in November.

What does an increase in the Forward Redemption Indicator signify for SSNC?

An increase in the Forward Redemption Indicator signifies improved investor sentiment and confidence in hedge fund allocations.

When is the next publication date for the SSNC Forward Redemption Indicator?

The next publication date for the SSNC Forward Redemption Indicator is January 23, 2023.

How is the SSNC Forward Redemption Indicator calculated?

The SSNC Forward Redemption Indicator is calculated by dividing the sum of forward redemption notices by the assets under administration at the beginning of the month.

How does the Forward Redemption Indicator affect investors in hedge funds?

Movements in the Forward Redemption Indicator reflect investor confidence and can indicate trends in hedge fund asset retention.