SS&C GlobeOp Forward Redemption Indicator

Rhea-AI Summary

SS&C GlobeOp Forward Redemption Indicator for September 2022 is reported at 2.67%, an increase from 2.35% in August. This figure is deemed favorable compared to historical norms, although it exceeds the 2.45% recorded in September 2021. Bill Stone, CEO, noted that redemption notices have remained near all-time low levels, indicating sustained investor commitment despite financial market challenges. The Indicator, crucial for gauging investor sentiment in hedge funds, reflects actual notifications received and will be updated next on October 21, 2022.

Positive

• Forward Redemption Indicator increased from 2.35% to 2.67%, indicating higher liquidity and investor activity.
• Redemption notices continue to run near historical lows, showing strong investor confidence in hedge funds.

Negative

• None.

SS&C GlobeOp Forward Redemption Indicator: September notifications 2.67%

WINDSOR, Conn., Sept. 23, 2022 /PRNewswire/ -- SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced that the SS&C GlobeOp Forward Redemption Indicator for September 2022 measured 2.67%, up from 2.35% in August.

"SS&C GlobeOp's Forward Redemption Indicator for September 2022 of 2.67% reflects a favorable level of redemption notices compared to historical norms for September, though slightly higher than the 2.45% reported for the same period a year ago," said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. "In recent months, redemption notices have continued to run near all-time low levels as investors largely maintain their allocations to hedge funds in the face of strong financial market headwinds."

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, 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)	0.54%*
Year-to-date (YTD)	-1.91%*
Last 12 month (LTM)	-1.94%*
Life to date (LTD)	222.98%*
*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	131.51 in September 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	2.67% in September 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: GlobeOp SS&C

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

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SOURCE GlobeOp SS&C

FAQ

What is SSNC's Forward Redemption Indicator for September 2022?

The Forward Redemption Indicator for September 2022 is 2.67%.

How does the September 2022 redemption indicator compare to previous months?

The September 2022 indicator increased from 2.35% in August and is higher than the 2.45% in September 2021.

What does a 2.67% redemption indicator signify for SSNC?

A 2.67% redemption indicator signals a favorable level of redemption notices, suggesting continued investor confidence in hedge funds.

When will the next SSNC redemption indicator be published?

The next redemption indicator will be published on October 21, 2022.