As of today, SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) announced that the SS&C GlobeOp Forward Redemption Indicator for November 2023 measured 3.49%, an increase from 2.29% in October.
It was reported by Bill Stone, Chairman and Chief Executive Officer of SS&C Technologies, that the Forward Redemption Indicator for November 2023 increased to 3.49%, primarily based on seasonal factors, but remains consistent with the five-year average of 3.53% for the same period. Despite volatility in equity and fixed income markets, a moderating Fed interest rate policy, and geopolitical uncertainty, hedge fund asset retention appears to be stable."
In November 2023, SS&C GlobeOp's Forward Redemption Indicator increased to 3.49%, primarily due to seasonal factors, but still consistent with a five-year average of 3.53% for this period, as stated by Bill Stone, Chairman and Chief Executive Officer. The hedge fund asset retention rate appears to be stable in spite of volatility in the equity and fixed income markets, a moderating Fed interest rate policy, and geopolitical uncertainty in the world.
A Forward Redemption Indicator by SS&C GlobeOp is a measure of how many forward redemption notices have been received from investors in hedge funds managed by SS&C GlobeOp on the SS&C GlobeOp platform, divided by the AuA for fund administration clients of SS&C GlobeOp on the SS&C GlobeOp platform at the beginning of each month.. In terms of forward redemptions as a percentage of SS&C GlobeOp's assets under administration on the SS&C GlobeOp platform, redemptions have trended significantly lower since reaching a high in 2007.There was a 27% increase in November 2008. It is estimated that the next publication date will be December 21, 2023
It is estimated that the next publication date will be December 21, 2023
As a monthly publication, the SS&C GlobeOp Forward Redemption Indicator provides an accurate and timely view of the redemption pipeline for hedge fund investors on the SS&C GlobeOp administration platform on the 15th day of each month.. As the Indicator moves, investors' confidence in their allocations to hedge funds is reflected in the movements of the indicator. The indicator data is based on actual investor redemption notifications that have been received by us. It is typical that redemption notifications are received 30 to 90 days prior to the redemption date, contrary to subscriptions. There is a possibility that investors may cancel redemption notices, and this happens from time to time. Further, there are differences between funds in terms of how redemption notices are established and enforced
Further, there are differences between funds in terms of how redemption notices are established and enforced
Hedge fund performance index from SS&C GlobeOp 
Capital Movement Index for SS&C GlobeOp 
GlobeOp Forward Redemption Indicator for SS&C
An overview of 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. Developed by a hedge fund administrator, it is a unique set of indices that provides clients, investors and the overall market with a lot of transparency about liquidity, investor sentiment and performance, and it is a welcome addition to the market. As a result of its diverse and representative asset portfolio, the Index provides a unique and comprehensive perspective.
The SS&C GlobeOp Hedge Fund Index can be found on the website www.sscglobeopindex.com.
A monthly report is provided by SS&C GlobeOp, based on actual and anticipated capital movement data collected independently from all hedge fund clients for whom SS&C GlobeOp provides administration services using the SS&C GlobeOp platform, titled the SS&C GlobeOp Capital Movement Index and the SS&C GlobeOp Forward Redemption Indicator.
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 through the SS&C GlobeOp platform, which is an asset-weighted benchmark. Following each business month-end, flash estimates, interims, and final values are presented in each of three months, respectively.
Although individual fund data is anonymized by aggregation, the data for the SS&C GlobeOp Hedge Fund Index will be based on the same reconciled fund data that SS&C GlobeOp uses to calculate fund net asset values (NAV).. Beginning with the January 2017 reporting period, funds acquired through the acquisition of Citi Alternative Investor Services will be integrated into the index suite for the first time. In terms of the total assets under management on the SS&C GlobeOp platform, this represents approximately 10% of the estimated assets that are currently invested in the hedge fund industry.. It is noteworthy that the investment strategies of the funds in the indices cover a wide range of industries and sectors. It should be noted that data for middle and back office clients who do not participate in fund administration are not included in the Index, but are included in the Company's results announcement figures.
It should be noted that data for middle and back office clients who do not participate in fund administration are not included in the Index, but are included in the Company's results announcement figures.
What we do at SS&C Technologies
With offices around the world, SS&C is a global provider of software and services to the financial services and healthcare industries. Founded in 1986, the company is headquartered in Windsor, Connecticut and has offices throughout the world. SS&C provides expertise, scale, and technology to more than 20,000 organizations in the financial services and healthcare industries, from the world's largest companies to small and mid-market companies.
SS&C is the source of this information
It is possible to find additional information about SS&C (Nasdaq: SSNC) on the company's website at www.ssctech.com.
SS&C can be found on Twitter, LinkedIn, and Facebook.
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