Welcome to our dedicated page for Ss&C Technologies news (Ticker: SSNC), a resource for investors and traders seeking the latest updates and insights on Ss&C Technologies stock.
SS&C Technologies Holdings, Inc. reports developments across investment, financial and healthcare software, technology-enabled services and enterprise automation. Recurring updates include quarterly earnings, cash flow and leverage commentary, product launches such as SS&C Blue Prism WorkHQ, and AI governance initiatives for regulated enterprises.
Company news also covers SS&C GlobeOp fund administration data, including hedge fund redemption and capital movement indicators, as well as client deployments involving managed IT services, fund administration, middle- and back-office operations, investor services and regulatory reporting.
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SS&C GlobeOp Forward Redemption Indicator for April 2023 reports a decrease to 1.93% from 2.53% in March, lower than the ten-year average of 2.56%. This decline indicates a potential improvement in hedge fund asset retention amidst volatile markets and rising interest rates. Bill Stone, CEO of SS&C Technologies, noted that hedge funds remain appealing for investors despite challenging economic conditions. The Forward Redemption Indicator reflects actual redemption notices from hedge fund investors managed by SS&C. Historically, this indicator peaked at 19.27% in November 2008 and has trended downward from previous highs. The next update is scheduled for May 19, 2023.
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