Ss&C Technologies Stock Price, News & Analysis

Principal Real Estate Income Fund (PGZ) has declared monthly distributions of $0.105 per common share for May, June, and July 2025. Based on the Fund's current net asset value share price of $11.57 (as of March 27, 2025), these distributions represent an annualized distribution rate of 10.89%.

The distributions will be payable on May 30, June 30, and July 31, 2025, with corresponding ex-dates and record dates set for May 15, June 13, and July 17, 2025. The Fund, which trades on the NYSE, is designed as a long-term investment vehicle focused on commercial real estate assets.

SS&C Technologies (Nasdaq: SSNC) has announced the appointment of Francesco Vanni d'Archirafi as a new independent director to its Board of Directors. Francesco brings extensive experience in global financial services, M&A, and securities services, currently serving as Chair of Euroclear Holding and Euroclear SA/NV.

With a proven track record in growing revenue, earnings, and shareholder value, Francesco previously held key leadership positions at Citi, including CEO of Global Transaction Services and CEO of Citi Holdings. He currently chairs the Board of Verti S.p.A. and serves on the boards of Mapfre International S.A. and Mapfre S.A., where he chairs the Audit and Compliance committee.

The appointment aligns with SS&C's strategic goals for international expansion, leveraging Francesco's global expertise in running large enterprises in both executive and board capacities.

SS&C Technologies Holdings (Nasdaq: SSNC) has announced the extension of its transfer agency relationship with Principal Asset Management, the investment management division of Principal Financial Group (Nasdaq: PFG). SS&C will continue providing comprehensive fund services to Principal's portfolio of 114 mutual funds, encompassing 467 mutual and retail alternatives share classes, managing approximately $160 billion in assets.

Through SS&C Global Investor & Distribution Solutions (GIDS), the company will deliver transfer agency and digital investor services, including investor communications, document processing, and anti-money laundering services. Principal's diverse investment offerings span over 50 fund types across equity, fixed income, real estate, and alternative strategies, serving both individual and institutional investors.

SS&C Technologies (SSNC) has reported its GlobeOp Forward Redemption Indicator for March 2025 at 2.42%, showing a slight increase from February's 2.33%. However, this represents a decrease from 2.87% in March 2024 and remains below the 10-year average of 2.95%.

The indicator, which measures hedge fund investor redemption notices, reflects stabilizing redemption rates despite challenging market conditions including weakening consumer confidence, rising inflation, and ongoing policy uncertainty. This metric represents the sum of forward redemption notices from investors in hedge funds administered by SS&C GlobeOp, divided by the Assets under Administration (AuA).

For context, the indicator's historical peak was 19.27% in November 2008. The next publication date is scheduled for April 22, 2025. Redemption notifications are typically received 30-90 days before the redemption date, with SS&C GlobeOp's platform representing approximately 10% of estimated hedge fund sector assets.

SS&C Technologies Holdings (Nasdaq: SSNC) has announced a strategic partnership with ARS to integrate and distribute ARS's Lifetime Income Builder retirement products through SS&C's Retirement Income Clearing & Calculation (RICC) Platform. The collaboration aims to expand access to guaranteed lifetime income solutions in the defined contribution market.

ARS's Lifetime Income Builder offers group fixed indexed annuities with guaranteed lifetime withdrawal benefits. Through this integration, recordkeepers can easily add Lifetime Income Builder funds via CUSIPs, making lifetime income solutions more accessible. The partnership leverages SS&C's RICC platform to create seamless connectivity between recordkeepers, plan providers, product providers, advisors, and participants.

The solution features easy-to-use, professionally managed portfolios that participants control, designed to provide sustainable retirement income. This integration enables streamlined fund administration capabilities and broader distribution opportunities across leading recordkeeping platforms for ARS's target date funds integrated with Lifetime Income Builder.

SS&C GlobeOp has released its latest hedge fund performance and capital movement indices for February-March 2025. The Hedge Fund Performance Index showed a -1.02% gross return in February, while the Capital Movement Index advanced 0.63% in March, reaching 124.64 points.

According to Bill Stone, Chairman and CEO, the positive net flows align with seasonal patterns. He noted that current market conditions, characterized by higher volatility and drawdowns, create favorable opportunities for hedge fund allocations, particularly for investors seeking risk-adjusted and uncorrelated returns.

The Performance Index, initiated in January 2006, provides a transparent window into hedge fund performance without selection or survivorship bias. It maintains a relatively low correlation (25-30%) with popular equity market indices, offering a distinctive reflection of capital returns in funds. The Capital Movement Index tracks monthly net hedge fund subscriptions and redemptions, showing a 0.14-point decline over the past 12 months.

SS&C ALPS Advisors has announced a 3-for-1 share split for the ALPS Equal Sector Weight ETF (EQL), effective April 1, 2025. The split will be executed at market open, with EQL continuing to trade on the NYSE Arca under its current ticker symbol.

The split will increase the number of outstanding shares while proportionally reducing the share price, maintaining the total value of holdings. However, since fractional shares cannot trade on NYSE Arca, post-split fractional shares will be redeemed for cash, potentially triggering taxable events for affected shareholders.

While the split itself is not a taxable transaction, shareholders may incur brokerage charges. The fund maintains its passive management approach, tracking its underlying index's performance before fees and expenses.

SS&C Technologies Holdings (SSNC) has announced the renewal of its transfer agency agreement with Dimensional Fund Advisors (DFA) for their U.K. fund range. The extended partnership will see SS&C providing transfer agency services for DFA's open-ended investment company funds, which manage GBP 8.7 billion in assets.

This renewal builds on a decade-long relationship between the companies, following DFA's 2023 contract renewal for SS&C to service its '40 Act mutual funds in the U.S. SS&C Global Investor and Distribution Solutions (GIDS), as the largest global transfer agency, services over 1,000 clients worldwide, offering data-driven operational insights, end-to-end interaction recording, digitized service delivery, and global data management capabilities.

State Street (NYSE: STT) and SS&C Technologies (Nasdaq: SSNC) announced plans to restructure their International Financial Data Services (IFDS) joint venture in Luxembourg and Ireland after nearly 20 years of collaboration. Under this restructuring, transfer agency services currently provided by IFDS in these locations will transition to each company's respective operations.

State Street will insource transfer agency capabilities for its clients, while SS&C will rebrand the existing transfer agency entities in Ireland and Luxembourg as a wholly-owned business within its Global Investor & Distributions Solutions division. The restructuring is expected to be completed in the second part of 2025, subject to approvals and conditions.

Both companies emphasized that this decision aims to simplify their operating models and improve the transfer agency experience for clients. They committed to maintaining service quality, retaining transfer agency employees, and minimizing disruptions during the transition. The restructuring does not affect IFDS Canada, which will continue serving the North American market.