WINDSOR, Conn., Oct.
20, 2017 /PRNewswire/ -- The SS&C GlobeOp Forward
Redemption Indicator for October 2017
measured 2.69%, down from 3.72% in September.
"SS&C GlobeOp's Forward Redemption Indicator of 2.69% for
October, 2017 reflects improved levels of redemption notices as
compared to the 3.40% reported a year ago for October, 2016. This
marks the ninth consecutive month of lower year-over-year
comparisons for redemption notices, as well as the lowest reading
for the month of October since 2011," said Bill Stone, Chairman and
Chief Executive Officer, SS&C Technologies. "The strength of
this positive trend in asset retention indicates a high degree of
confidence on the part of investors in their hedge fund
allocations."
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,
2017.
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)
|
0.67%*
|
Year-to-date
(YTD)
|
6.32%*
|
Last 12 month
(LTM)
|
8.52%*
|
Life to date
(LTD)
|
143.32%*
|
*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
|
141.22 in December
2016
|
12-month
low
|
137.25 in October
2017
|
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
|
1.85% in January
2012
|
12-month
high
|
5.67% in December
2016
|
12-month
low
|
2.41% in April
2017
|
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 or through a link on the homepage of
www.sscglobeop.com. Alert and RSS subscriber options are available
at www.sscglobeop.com. Index Twitter comments: #HFindex.
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 investment and financial
software-enabled services and software for the global financial
services industry. Founded in 1986, SS&C has its headquarters
in Windsor, Connecticut and
offices around the world. Some 10,000 financial services
organizations, from the world's largest institutions to local
firms, manage and account for their investments using SS&C's
products and services. These clients in the aggregate manage over
$44 trillion in assets.
Additional information about SS&C (NASDAQ: SSNC) is
available at www.ssctech.com.
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SOURCE SS&C GlobeOp