20 Jul 2012
LONDON, NEW YORK - 20 JULY 2012 – The GlobeOp Forward Redemption Indicator for July 2012 measured 2.18%, down from 3.71% in June.
"Forward redemptions remain low, this month's percentage being one of the lowest in the history of the Indicator,” said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies.
The Indicator represents the sum of forward redemption notices received from investors in hedge funds administered by GlobeOp, divided by the AuA at the beginning of the month for GlobeOp fund administration clients. Forward redemptions as a percentage of GlobeOp assets under administration have trended significantly lower since reaching a high of 19.27% in November 2008. The next publication date is August 21, 2012.
Published on the 15th business day of the month, the GlobeOp Forward Redemption Indicator presents a timely and accurate view of the redemption pipeline for investors in hedge funds on the 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.
About SS&C Technologies
SS&C is a global provider of investment and financial software-enabled services and software focused exclusively on the global financial services industry. Founded in 1986, SS&C has its headquarters in Windsor, Connecticut and offices around the world. 5,500 financial services organizations, from the world’s largest to local financial services organizations, manage and account for their investments using SS&C’s products and services. These clients in the aggregate manage over $16 trillion in assets.
On May 31, 2012 the offer for GlobeOp Financial Services by SS&C Technologies (NASDAQ: SSNC) was declared unconditional.
Additional information about SS&C (Nasdaq:SSNC) is available at www.ssctech.com.
Follow SS&C on Twitter, Linkedin and Facebook. The SS&C Technologies logo is available at www.globenewswire.com/newsroom/prs/?pkgid=8587
For more information
Patrick Pedonti
Chief Financial Officer
Tel: +1-860-298-4738
E-mail:
InvestorRelations@sscinc.com
About the GlobeOp Hedge Fund Index®
The GlobeOp Hedge Fund Index (the Index) is a family of indices published by GlobeOp Financial Services. 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 GlobeOp Hedge Fund Index is available at www.globeopindex.com or through a link on the homepage of www.ssctech.com/globeop. Alert and RSS subscriber options are available at www.ssctech.com/globeop. Index Twitter comments: #HFindex.
The GlobeOp Capital Movement Index and the GlobeOp Forward Redemption Indicator provide monthly reports based on actual and anticipated capital movement data independently collected from all hedge fund clients for whom GlobeOp provides administration services.
The GlobeOp Hedge Fund Performance Index is an asset-weighted benchmark of the aggregate performance of funds for which GlobeOp provides monthly administration services. 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 GlobeOp Hedge Fund Index data will be based on the same reconciled fund data that GlobeOp uses to produce fund net asset values (NAV). GlobeOp’s total assets under administration 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.
GlobeOp Capital Movement Index
| Base | 100 points on 31 December 2005 |
| All time high | 147.70 in June 2012 |
| All time low | 99.67 in January 2006 |
| 12-month high | 147.70 in June 2012 |
| 12-month low | 134.75 in August 2011 |
| Largest monthly change | - 15.21 in January 2009 |
GlobeOp Forward Redemption Indicator
| All time high | 19.27% in November 2008 |
| All time low | 1.85% in January 2012 |
| 12-month high | 4.58% in December 2011 |
| 12-month low | 1.85% in January 2012 |
| Largest monthly change | 9.60% in November 2008 |
GlobeOp, GlobeOp Hedge Fund Index and the GlobeOp "G" are trade or service marks of SS&C GlobeOp and its affiliates.
Media Contacts
Caroline Beer
Metia (UK)
Tel. +44 (0)20 3100 3796
Email:
metiaglobeop@metia.com
Peter DiBart
Metia (US)
Tel. +1 917 320 6455
Email:
metiaglobeop@metia.com