SS&C GlobeOp Forward Redemption Indicator: January notifications 1.52%
SS&C Technologies Holdings, Inc. announced that the SS&C GlobeOp Forward Redemption Indicator for January 2022 measured 1.52%, down from 2.54% in December.
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“SS&C GlobeOp’s Forward Redemption Indicator declined to 1.52% for January 2022, the lowest level of monthly redemptions reported since the inception of the Forward Redemption Indicator in 2008,” said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. “On a year-over-year basis, the 1.52% just reported compares to 1.78% reported a year ago for January 2021 and represents the nineteenth consecutive month of year-over-year reductions in redemptions notices. It is also noteworthy that the very favorable results for January 2022 include the first round of redemption notices since the emergence of the Omicron variant in major markets.”
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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 February 22, 2022.
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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