WebsiteGear Logo Log In
New User? Sign Up
About | Contact | FAQ
  Home News Technology Internet Technology Monday, May 27, 2024 
Add Press Release News | News Feeds Feeds | Email This News Email


SS&C GlobeOp Forward Redemption Indicator
Friday, March 8, 2024

SS&C GlobeOp Forward Redemption Indicator: February notifications 2.41%

WINDSOR, Conn., Feb. 29, 2024 /PRNewswire/ -- SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced that the SS&C GlobeOp Forward Redemption Indicator for February 2024 measured 2.41%, up from 2.03% in January.

"SS&C GlobeOp's Forward Redemption Indicator for February 2024 was 2.41%, which was slightly higher than the 10-year average of 2.16% for the period," said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. "Equity valuations, interest rates, public debt, and market volatility are all elevated and continue to weigh on the outlook of market participants. The strong risk-adjusted returns of hedge funds can assist investors in navigating the current market volatility and changes in economic fundamentals."

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 March 21, 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)        
     0.43%*



     Year-to-date (YTD)                    
     0.43%*



     Last 12 month (LTM)                   
     6.71%*



     Life to date (LTD)                    
     251.24%*



     *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          130.54  in March 2023



     12-month low           124.61 in January 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           1.82% in July 2023



     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.

Follow SS&C on X, LinkedIn and Facebook.

View original content to download multimedia:https://www.prnewswire.com/news-releases/ssc-globeop-forward-redemption-indicator-302075374.html

SOURCE SS&C



Email This News Email | Submit To Slashdot Slashdot | Submit To Digg.com Digg | Submit To del.icio.us Del.icio.us | News Feeds Feeds

RELATED NEWS ARTICLES
Nav Gaming Simulators Market size is set to grow by USD 12.94 Billion from 2024-2028, gaming simulators integrated with VR headsets to boost the market growth, Technavio | May 27, 2024
Nav Dispersive Unveils DispersiveCloud with 10G Speed and Capacity | May 27, 2024
Nav Panasonic Introduces LUMIX S Series Fixed Focal Length Pancake Lens: LUMIX S 26mm F8 (S-R26) | May 27, 2024
Nav Celebrating 20 Years of Excellence: InstantGMP's Unparalleled Commitment to Compliance | May 27, 2024
Nav CGI appointed Technology Delivery Partner for UK Emergency Services' Mobile Communications Programme | May 27, 2024
Nav GV Digital Technology Building | May 27, 2024
Nav NetEase Showcases Latest Game Advancements at 2024 Annual Product Launch Event | May 27, 2024
Nav Touchcast Works with Microsoft on Global LLM & Cognitive Caching Infrastructure for Scaling Generative AI | May 27, 2024
Nav Panasonic Launches New LUMIX S9 Compact Full-Frame Mirrorless Camera, Ushering In A New Era for Seamless Content Creation | May 27, 2024
Nav Nvidia, 3M, Fidelity, Sony, Adidas top 2024 Axios-Harris Poll 100 with best reputation; 70% of companies decline | May 27, 2024
NEWS SEARCH

FEATURED NEWS | POPULAR NEWS
Submit News | View More News View More News