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SS&C GlobeOp Forward Redemption Indicator
Tuesday, November 1, 2022

SS&C GlobeOp Forward Redemption Indicator: October notifications 2.35%

WINDSOR, Conn., Oct. 24, 2022 /PRNewswire/ -- SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced that the SS&C GlobeOp Forward Redemption Indicator for October 2022 measured 2.35%, down from 2.67% in September.

"SS&C GlobeOp's Forward Redemption Indicator for October 2022 was 2.35%. Higher than the record low of 1.56% reported a year ago, though still better than the long-term average for October redemption notices," said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. "The result is consistent with recent months' data in which redemptions have moved off the historically low levels experienced since the COVID-19 outbreak but have remained generally favorable."

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 November 21, 2022.

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)                       
     -2.87%*



     Year-to-date (YTD)                                   
     -4.60%*



     Last 12 month (LTM)                                  
     -5.20%*



     Life to date (LTD)                                   
     214.12%*



     *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                                    132.70  in March 2022



     12-month low                                     131.54 in January 2022



     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                                          2.67% in September
                                                              2022



     12-month low                                           1.48% in April 2022



     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 Hedge Fund Index is available at www.sscglobeopindex.com.

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.

SOURCE: GlobeOp SS&C

Additional information about SS&C (Nasdaq: SSNC) is available at www.ssctech.com.

Follow SS&C on Twitter, LinkedIn and Facebook.

View original content to download multimedia:https://www.prnewswire.com/news-releases/ssc-globeop-forward-redemption-indicator-301657593.html

SOURCE SS&C



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