For Immediate Release
SS&C GlobeOp Forward Redemption Indicator: June notifications 3.59%
Windsor, CT – June 21, 2017 – The
SS&C GlobeOp Forward
Redemption Indicator for June 2017 measured 3.59%, up from 3.08% in May.
“SS&C GlobeOp's Forward Redemption Indicator for June 2017 was 3.59%,
reflecting a sharp drop from the 4.88% reported a year ago for June 2016,”
said Bill Stone, Chairman
and Chief Executive Officer, SS&C Technologies. “This marks the
fifth consecutive month of lower year over year redemptions, a very positive trend
for the hedge fund industry.”
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 July 24, 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)
|
-0.13%*
|
|
Year-to-date (YTD)
|
3.44%*
|
|
Last 12 month (LTM)
|
8.59%*
|
|
Life to date (LTD)
|
136.73%*
|
|
*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
|
142.10 in September 2016
|
|
12-month low
|
137.92 in January 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 is
headquartered in Windsor, Connecticut and has offices around the world. Some 11,000
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.
Contact(s):
Patrick Pedonti
Chief Financial Officer
Tel: +1-860-298-4738
Justine Stone
Investor Relations
Tel: +1- 212-367-4705
E-mail:
InvestorRelations@sscinc.com