SS&C GlobeOp Forward Redemption Indicator
Rhea-AI Summary
SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) announced that the SS&C GlobeOp Forward Redemption Indicator for September 2024 measured 2.72%, up from 2.59% in August. This figure is slightly higher than the 2.71% reported for the same period last year but consistent with longer-term monthly averages and seasonal patterns.
The indicator represents the sum of forward redemption notices received from investors in hedge funds administered by SS&C GlobeOp on their platform, divided by the Assets under Administration (AuA) at the beginning of the month. Bill Stone, Chairman and CEO of SS&C Technologies, noted that mixed economic signals and a recent large rate cut could potentially catalyze increased market volatility.
The SS&C GlobeOp Hedge Fund Performance Index showed a flash estimate of 0.75% for the current month, with a year-to-date performance of 5.94% and a last 12-month performance of 9.14%.
AI-generated analysis. Not financial advice.
Positive
- Forward Redemption Indicator remains consistent with longer-term monthly averages
- Hedge Fund Performance Index shows positive YTD (5.94%) and LTM (9.14%) returns
Negative
- Forward Redemption Indicator increased to 2.72% from 2.59% in the previous month
- Potential for increased market volatility due to mixed economic signals and recent rate cut
News Market Reaction – SSNC
On the day this news was published, SSNC declined 0.34%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
SS&C GlobeOp Forward Redemption Indicator: September notifications
"SS&C GlobeOp's Forward Redemption Indicator for September 2024 was
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
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) | |
Year-to-date (YTD) | |
Last 12 month (LTM) | |
Life to date (LTD) | |
*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 | |
All time low | |
12-month high | |
12-month low | |
Largest monthly change |
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
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
Additional information about SS&C (Nasdaq: SSNC) is available at www.ssctech.com.
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SOURCE SS&C