SS&C Globeop Forward Redemption Indicator

May, 2017

The SS&C GlobeOp Forward Redemption Indicator for May 2017 measured 3.08%, up from 2.41% in April.

“Taking into account seasonality, SS&C GlobeOp’s Forward Redemption Indicator for May 2017 of 3.08% continues this year’s favorable trend in redemptions, as it represents a sharp decline from the 4.38% reported a year ago for May of 2016, as well as compared to historical averages for the month of May,” said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies.  “This is the fourth consecutive month of year-over-year gains for the Forward Redemption Indicator and, together with other recent data points, adds to the improving outlook 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 June 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)

0.43%*

Year-to-date (YTD)

3.63%*

Last 12 month (LTM)

10.17%*

Life to date (LTD)

137.18%*

*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

143.50 in June 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