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SS&C GlobeOp Forward Redemption Indicator measured 2.45% September 2021

Thursday, September 23, 2021
Opalesque Industry Update - SS&C Technologies Holdings announced that the SS&C GlobeOp Forward Redemption Indicator for September 2021 measured 2.45%, up from 2.24% in August.

"SS&C GlobeOp's Forward Redemption Indicator for September 2021 was a very favorable 2.45%, reflecting lower redemption notices compared to the 3.43% reported a year ago," said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. "This improvement marked the fifteenth consecutive month of year-over-year reduction in monthly redemption notices. Moreover, the 2.45% level of redemptions is the lowest reading for any month of September since the inception of the Forward Redemption Indicator in 2008."

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 October 21, 2021.

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.

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