SS&C GlobeOp Forward Redemption Indicator: October notifications 2.69%

WINDSOR, Conn., Oct. 20, 2017 /PRNewswire/ -- The SS&C GlobeOp Forward Redemption Indicator for October 2017 measured 2.69%, down from 3.72% in September.

"SS&C GlobeOp's Forward Redemption Indicator of 2.69% for October, 2017 reflects improved levels of redemption notices as compared to the 3.40% reported a year ago for October, 2016. This marks the ninth consecutive month of lower year-over-year comparisons for redemption notices, as well as the lowest reading for the month of October since 2011," said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. "The strength of this positive trend in asset retention indicates a high degree of confidence on the part of investors in their hedge fund allocations."

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 November 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)                     0.67%*

    Year-to-date (YTD)          6.32%*

    Last 12 month (LTM)         8.52%*

    Life to date (LTD)          143.32%*

    *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             141.22 in December 2016

    12-month low              137.25 in October 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 has its headquarters in Windsor, Connecticut and offices around the world. Some 10,000 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. These clients in the aggregate manage over $44 trillion in assets.

Additional information about SS&C (NASDAQ: SSNC) is available at www.ssctech.com.

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SOURCE SS&C GlobeOp