SS&C GlobeOp Forward Redemption Indicator

Rhea-AI Summary

SS&C Technologies (Nasdaq: SSNC) reported a Forward Redemption Indicator of 2.35% for August 2022, up from 1.82% in July. This figure indicates a slight increase in hedge fund redemptions, remaining above the record low of 2.24% from August 2021. The data reflects strong asset retention among hedge funds, though it continues to trend near historical lows since the onset of COVID-19. The next report is scheduled for September 22, 2022.

Positive

• Forward Redemption Indicator increased to 2.35%, signaling improved investor confidence.
• Redemption levels remain robust, indicating strong asset retention in hedge funds.

Negative

• None.

SS&C GlobeOp Forward Redemption Indicator: August notifications 2.35%

WINDSOR, Conn., Aug. 19, 2022 /PRNewswire/ -- SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced that the SS&C GlobeOp Forward Redemption Indicator for August 2022 measured 2.35%, up from 1.82% in July.

"SS&C GlobeOps' Forward Redemption Indicator for August 2022 was 2.35%, slightly above the record low for the month, which was 2.24% reported a year ago," said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. "Since the outbreak of COVID-19, hedge funds have seen redemptions decrease markedly from historical levels. Moreover, the most recent data points show while redemption levels may no longer be falling rapidly, they continue to run at or near record lows. Under these conditions, hedge fund asset retention should remain strong."

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  September 22, 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)	0.92%*
Year-to-date (YTD)	-2.31%*
Last 12 month (LTM)	-1.24%*
Life to date (LTD)	221.66%*
*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	131.40 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	2.54% in December 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.

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SOURCE GlobeOp SS&C

FAQ

What was the SSNC Forward Redemption Indicator for August 2022?

The Forward Redemption Indicator for August 2022 was 2.35%.

How does the August 2022 redemption figure compare to July 2022?

The August 2022 figure of 2.35% is up from 1.82% in July 2022.

When is the next SSNC Forward Redemption Indicator publication?

The next publication date for the Forward Redemption Indicator is September 22, 2022.

What does the SSNC Forward Redemption Indicator signify?

The Indicator reflects investor confidence in hedge fund allocations and tracks forward redemption notices.