SS&C GlobeOp Forward Redemption Indicator: October notifications 2.96%

Windsor - 21 October 2015

The SS&C GlobeOp Forward Redemption Indicator for October 2015 measured 2.96%, down from 3.79% in September.

"SS&C GlobeOp's Forward Redemption Indicator of 2.96% for October 2015 is down sharply from 3.79% for the previous month and is also down year-over-year compared to 3.12% for October 2014," said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. "This marks a reversal of last month's uptick in the Forward Redemption Indicator, perhaps suggesting that the bulk of investors' rebalancing in the face of elevated market volatility has been accomplished."

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 20, 2015.

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)      -1.56%*

Year-to-date (YTD)                        4.53%*

Last 12 month (LTM)                     5.32%*

Life to date (LTD)                         118.06%*

*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              149.53 in December 2014

12-month low               144.51 in July 2015

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             5.87% in December 2014

12-month low              2.08% in July 2015

Largest monthly change       9.60% in November 2008

 

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