23 January 2013
LONDON, NEW YORK - 23 January 2013 - The SS&C GlobeOp Forward Redemption Indicator for January 2013 measured 2.04%, down from 6.19% in December.
"Investor redemption notifications for January are the lowest since April 2012," said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies.
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 GlobeOp platform, divided by the AuA at the beginning of the month for SS&C GlobeOp fund administration clients on the GlobeOp platform. Forward redemptions as a percentage of SS&C GlobeOp's assets under administration on the GlobeOp platform have trended significantly lower since reaching a high of 19.27% in November 2008. The next publication date is February 22, 2013.
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
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 Flash estimate (current month) Year-to-date (YTD) Last 12 month (LTM) Life to date (LTD) *All numbers reported above are gross |
100 points on 31 December 2005 1.27%* 10.32%* 10.32%* 75.09%* |
SS&C GlobeOp Capital Movement Index
| Base All time high All time low 12 month high 12 month low Largest monthly change |
100 points on 31 December 2005 149.51 in December 2012 99.67 in January 2006 149.51 in December 2012 142.57 in February 2012 -15.21 in January 2009 |
SS&C GlobeOp Forward Redemption Indicator
| All time high All time low 12-month high 12-month low Largest monthly change |
19.27% in November 2008 1.85% in January 2012 6.19% in December 2012 2.00% in April 2012 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.ssctech.com/globeop. Alert and RSS subscriber options are available at www.ssctech.com/globeop. 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
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 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). SS&C GlobeOp’s total assets under
administration on the 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.