SS&C GlobeOp Forward Redemption Indicator

Rhea-AI Summary

SS&C GlobeOp's Forward Redemption Indicator for November 2024 reached 2.91%, up from 2.23% in October but lower than the 3.49% recorded last year and the five-year November average of 3.52%. The indicator represents redemption notices from hedge fund investors on SS&C GlobeOp's platform divided by assets under administration. The SS&C GlobeOp Hedge Fund Performance Index shows a flash estimate of 0.25% for the current month, with year-to-date returns at 6.80% and last 12-month performance at 11.15%.

Positive

• Redemption rate (2.91%) remains below the five-year average of 3.52%
• Strong hedge fund performance with 11.15% returns over last 12 months
• YTD returns of 6.80% showing positive momentum

Negative

• Monthly redemption rate increased from 2.23% to 2.91%

SS&C GlobeOp Forward Redemption Indicator: November notifications 2.91%

WINDSOR, Conn., Nov. 21, 2024 /PRNewswire/ -- SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced that the SS&C GlobeOp Forward Redemption Indicator for November 2024 measured 2.91%, up from 2.23% in October.

"SS&C GlobeOp's Forward Redemption Indicator for November 2024 was 2.91%, a decrease from the 3.49% recorded a year ago. Moreover, it is lower than the five-year average of 3.52% for November redemption notices," said Bill Stone, Chairman and Chief Executive Officer of SS&C Technologies. "The recent increase in market volatility is generally a positive indicator for hedge fund allocations. Hedge fund asset retention continues to trend favorably heading into year-end."

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 December 20, 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)	0.25%*
Year-to-date (YTD)	6.80%*
Last 12 month (LTM)	11.15%*
Life to date (LTD)	273.51%*
*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	127.17  in December 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.

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SOURCE SS&C

FAQ

What is SS&C GlobeOp's Forward Redemption Indicator for November 2024?

SS&C GlobeOp's Forward Redemption Indicator for November 2024 was 2.91%, up from 2.23% in October but lower than the previous year's 3.49%.

What is SSNC's hedge fund performance YTD as of November 2024?

SS&C GlobeOp's Hedge Fund Performance Index shows a year-to-date (YTD) return of 6.80%.

How does SSNC's November 2024 redemption rate compare to historical averages?

The November 2024 redemption rate of 2.91% is lower than the five-year average of 3.52% for November redemption notices.