SS&C GlobeOp Forward Redemption Indicator

Rhea-AI Summary

SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) announced that the SS&C GlobeOp Forward Redemption Indicator for October 2024 measured 2.23%, down from 2.72% in September and lower than the 10-year average of 2.67%. Bill Stone, Chairman and CEO, noted that redemption notices are near historically low levels as investors maintain hedge fund allocations to manage risk and improve returns. The indicator represents the sum of forward redemption notices received from investors in hedge funds administered by SS&C GlobeOp, divided by the AuA at the beginning of the month. The next publication date is October 21, 2024.

Additional data shows the SS&C GlobeOp Hedge Fund Performance Index with a flash estimate of 1.22% for the current month, 6.77% year-to-date, and 10.25% for the last 12 months. The SS&C GlobeOp Capital Movement Index's 12-month high was 127.90 in November 2023, while the 12-month low was 123.64 in April 2024.

Positive

• Forward Redemption Indicator decreased to 2.23% from 2.72% in September
• Redemption notices are running near historically low levels
• Hedge Fund Performance Index shows positive returns: 1.22% flash estimate, 6.77% YTD, 10.25% LTM

Negative

• None.

SS&C GlobeOp Forward Redemption Indicator: October notifications 2.23%

WINDSOR, Conn., Oct. 21, 2024 /PRNewswire/ -- SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced that the SS&C GlobeOp Forward Redemption Indicator for October 2024 measured 2.23%, down from 2.72% in September.

"SS&C GlobeOp's Forward Redemption Indicator decreased to 2.23% for October, compared to 2.72% reported for September, and remains lower than the 10-year average of 2.67% for the period," said Bill Stone, Chairman and Chief Executive Officer of SS&C Technologies. "While U.S. markets approach all-time highs, redemption notices are running near historically low levels as investors maintain their allocations to hedge funds to lower correlations, manage downside risk, and improve the risk-adjusted returns."

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 October 21, 2024.

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)	1.22%*
Year-to-date (YTD)	6.77%*
Last 12 month (LTM)	10.25%*
Life to date (LTD)	273.42%*
*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	127.90  in November 2023
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	19.27% in November 2008
All time low	1.48% in April 2022
12-month high	3.64% in December 2023
12-month low	1.86% in April 2024
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 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.

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

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SOURCE SS&C

FAQ

What was the SS&C GlobeOp Forward Redemption Indicator for October 2024?

The SS&C GlobeOp Forward Redemption Indicator for October 2024 measured 2.23%.

How does the October 2024 Forward Redemption Indicator compare to the previous month for SSNC?

The October 2024 Forward Redemption Indicator of 2.23% is down from 2.72% in September for SS&C Technologies Holdings, Inc. (SSNC).

What is the current flash estimate for the SS&C GlobeOp Hedge Fund Performance Index?

The current month's flash estimate for the SS&C GlobeOp Hedge Fund Performance Index is 1.22%.

When is the next publication date for the SS&C GlobeOp Forward Redemption Indicator?

The next publication date for the SS&C GlobeOp Forward Redemption Indicator is October 21, 2024.