SS&C GlobeOp Forward Redemption Indicator

Rhea-AI Summary

SS&C Technologies Holdings, Inc. (NASDAQ: SSNC) reported a Forward Redemption Indicator for April 2022 at 1.48%, down from 1.92% in March. This marks the lowest redemption rate for April since the indicator's inception in 2008. The decrease in redemption notices, compared to 2.07% a year ago, indicates increasing investor confidence in hedge fund managers amidst market volatility. The next report is scheduled for May 20, 2022.

Positive

• Redemption rate of 1.48% is the lowest for April since 2008.
• Indicates increased investor confidence in hedge funds despite market volatility.

Negative

• None.

SS&C GlobeOp Forward Redemption Indicator: April notifications 1.48%

WINDSOR, Conn., April 22, 2022 /PRNewswire/ -- SS&C Technologies Holdings, Inc. (NASDAQ: SSNC) today announced that the SS&C GlobeOp Forward Redemption Indicator for April 2022 measured 1.48%, down from 1.92% in March.

"SS&C GlobeOp's Forward Redemption Indicator for April 2022 of 1.48% reflects a decline in redemption notices compared with the 2.07% reported for the same period a year ago," said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. "In fact, the 1.48% reported for April 2022 is the lowest redemption rate for any month of April since the inception of the Forward Redemption Indicator in 2008. This historically low level of redemptions suggests investors are confident hedge fund managers can generate favorable risk-adjusted returns in the current high volatility market environment."

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 May 20, 2022.

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)	0.97%*
Year-to-date (YTD)	-1.20%*
Last 12 month (LTM)	2.69%*
Life to date (LTD)	225.31%*
*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	130.49 in July 2021
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	2.68% in June 2021
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: GlobeOp SS&C

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

Follow SS&C on Twitter, LinkedIn and Facebook.

View original content to download multimedia:https://www.prnewswire.com/news-releases/ssc-globeop-forward-redemption-indicator-301530747.html

SOURCE GlobeOp SS&C

FAQ

What does SSNC's Forward Redemption Indicator for April 2022 signify?

The Forward Redemption Indicator for April 2022 at 1.48% signifies a decline in redemption notices, indicating increased investor confidence in hedge funds.

How does the April 2022 redemption rate compare to previous months?

The April 2022 redemption rate of 1.48% is down from 1.92% in March and 2.07% in April 2021.

When will the next SSNC Forward Redemption Indicator report be released?

The next report for the SSNC Forward Redemption Indicator is scheduled for release on May 20, 2022.

What is the historical significance of the 1.48% redemption rate?

The 1.48% redemption rate is the lowest for any month of April since the Forward Redemption Indicator began in 2008.