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SS&C GlobeOp Forward Redemption Indicator up 2.37% in February 2021

Tuesday, February 23, 2021
Opalesque Industry Update - SS&C Technologies Holdings announced that the SS&C GlobeOp Forward Redemption Indicator for February 2021 measured 2.37%, up from 1.78% in January.

"SS&C GlobeOp's Forward Redemption Indicator of 2.37% for February 2021 reflects a 16% reduction in redemption notices compared to 2.83% reported a year ago," said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. "The 2.37% reading for February 2021 also marks the eighth consecutive month of lower year-over-year redemptions, as well as the lowest redemption level for any month of February since the Forward Redemption Indicator's inception in 2006. Hedge fund asset retention has been generally very strong at the industry level since the COVID-19 outbreak first roiled markets in early 2020."

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 19, 2021.

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