SS&C GlobeOp Forward Redemption Indicator

Rhea-AI Summary

SS&C GlobeOp reported its Forward Redemption Indicator for April 2025 at 1.85%, showing a decrease from March's 2.42% and slightly below the previous year's 1.86%. The figure remains lower than the five-year April average of 2.07%.

The company's Hedge Fund Performance Index showed a flash estimate of -1.61% for the current month, with year-to-date returns at 0.52% and last 12-month performance at 5.29%. The Capital Movement Index recorded a 12-month high of 125.37 in December 2024 and a low of 123.40 in January 2025.

Despite challenging market conditions including tariff policy changes, market volatility, and global economic slowdown, hedge funds continue to maintain assets by delivering competitive risk-adjusted returns.

Positive

• Forward Redemption Indicator decreased to 1.85% from 2.42% in March, indicating lower redemption pressure
• Last 12-month hedge fund performance remains positive at 5.29%
• Year-to-date returns remain positive at 0.52% despite market challenges

Negative

• Current month's hedge fund performance shows negative flash estimate of -1.61%
• Global economic slowdown and market volatility creating significant headwinds
• Capital Movement Index showing declining trend from December 2024 high of 125.37 to January 2025 low of 123.40

Insights

Financial Services Analyst

SS&C's redemption indicator improved to 1.85%, showing stable fund administration business despite challenging market conditions.

The SS&C GlobeOp Forward Redemption Indicator for April 2025 measured 1.85%, showing notable improvement from March's 2.42% while remaining virtually unchanged from the 1.86% recorded in April 2024. This figure beats the five-year April average of 2.07%, indicating strong client retention in SS&C's fund administration business.

This metric represents redemption notices from hedge fund investors divided by assets under administration (AuA) on SS&C's platform. The April reading marks the 12-month low, significantly better than the 12-month high of 3.54% recorded in December 2024. For context, the all-time high was 19.27% in November 2008 during the financial crisis, while the all-time low was 1.48% in April 2022.

The accompanying performance data presents a nuanced picture: the Hedge Fund Performance Index shows a -1.61% flash estimate for the current month, while maintaining positive results of 0.52% year-to-date and 5.29% over the trailing 12 months. This mixed performance is particularly noteworthy given CEO Bill Stone's comments about "abrupt changes in tariff policies, historic market volatility, and a slowing global economy" creating significant headwinds for investors.

The redemption indicator's stability suggests SS&C's hedge fund clients are successfully retaining assets despite these challenges. According to Stone, this retention is occurring because funds are providing "compelling risk-adjusted returns during turbulent market environments." Such stability in the asset base administered on SS&C's platform is a key operational metric for their fund administration business.

SS&C GlobeOp Forward Redemption Indicator: April notifications 1.85%

WINDSOR, Conn., April 22, 2025 /PRNewswire/ -- SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced the SS&C GlobeOp Forward Redemption Indicator for April 2025 measured 1.85%, down from 2.42% in March.

"SS&C GlobeOp's Forward Redemption Indicator for April 2025 was 1.85%, compared to 1.86% recorded a year ago. This figure is lower than the five-year average of 2.07% for April redemption notices," said Bill Stone, Chairman and Chief Executive Officer of SS&C Technologies. "Abrupt changes in tariff policies, historic market volatility, and a slowing global economy are significant headwinds facing investors. Hedge funds continue to retain assets by providing compelling risk-adjusted returns during turbulent market environments."

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 May 21, 2025.

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)	-1.61%*
Year-to-date (YTD)	0.52%*
Last 12 month (LTM)	5.29%*
Life to date (LTD)	283.19%*
*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	125.37  in December 2024
12-month low	123.40 in January 2025
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	3.54% in December 2024
12-month low	1.85% in April 2025
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. More than 22,000 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.
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SOURCE SS&C

FAQ

What is the SS&C GlobeOp Forward Redemption Indicator for April 2025?

The Forward Redemption Indicator for April 2025 is 1.85%, down from 2.42% in March and below the five-year April average of 2.07%.

How has SSNC's Hedge Fund Performance Index performed year-to-date in 2025?

The SS&C GlobeOp Hedge Fund Performance Index shows a year-to-date (YTD) return of 0.52% and a current month flash estimate of -1.61%.

What is the historical high for SS&C GlobeOp's Forward Redemption Indicator?

The all-time high for the Forward Redemption Indicator was 19.27% in November 2008.

What are the current market challenges affecting SS&C GlobeOp's hedge fund performance?

The main challenges include abrupt changes in tariff policies, historic market volatility, and a slowing global economy.

What is the 12-month performance of SS&C GlobeOp's Hedge Fund Performance Index?

The last 12-month (LTM) performance is 5.29% according to the latest report.