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.
Follow SS&C on X, LinkedIn and Facebook.
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SOURCE SS&C