SS&C Technologies announced that its SS&C GlobeOp Forward Redemption Indicator for February 2026 measured 1.79%, marking an increase from the 1.46% recorded in January. This figure is lower than the 2.33% observed a year ago and falls below the five-year average of 2.14% for February redemption notices. The January 2026 figure of 1.46% represented an all-time low for the indicator.
Bill Stone, Chairman and Chief Executive Officer of SS&C Technologies, commented on the current market landscape. “Elevated geopolitical tensions and the recent sell-off in the software sector due to AI concerns represent some of the potential headline risks facing investment allocators. The strong risk-adjusted returns of hedge funds can assist investors in navigating the current market volatility and changes in economic fundamentals,” Stone stated.
The SS&C GlobeOp Forward Redemption Indicator tracks the sum of forward redemption notices received from investors in hedge funds administered by SS&C GlobeOp on its platform. This sum is then divided by the assets under administration (AuA) at the beginning of the month for SS&C GlobeOp fund administration clients. Since reaching a peak of 19.27% in November 2008, forward redemptions as a percentage of SS&C GlobeOp’s AuA have shown a significant downward trend.
The indicator, published on the 15th business day of each month, aims to provide a timely and accurate view of the redemption pipeline for hedge fund investors on the SS&C GlobeOp administration platform. Its movements offer insights into investor confidence regarding their hedge fund allocations. The underlying data is based on actual investor redemption notifications, which are typically received 30-90 days prior to the redemption date. It is noted that investors may cancel redemption notices, and the terms for establishing and enforcing these notices can differ across funds.
Supporting this data, the SS&C GlobeOp Hedge Fund Performance Index reported a flash estimate of 1.34% for the current month, with a year-to-date performance of 1.34%, a last 12-month performance of 14.74%, and a life-to-date performance of 348.46%. All reported performance figures are gross.
Additional data from the SS&C GlobeOp Capital Movement Index shows an all-time high of 150.77 in September 2013 and an all-time low of 99.67 in January 2006. The 12-month high was 128.63 in February 2026, and the 12-month low was 124.55 in March 2025. The largest monthly change observed was -15.21 in January 2009. For the Forward Redemption Indicator itself, the all-time high was 19.27% in November 2008, and the 12-month high was 2.43% in November 2025. The next publication date for the indicator is scheduled for March 20, 2026.
SS&C GlobeOp, a family of indices from SS&C GlobeOp, aims to offer transparency on liquidity, investor sentiment, and performance in the hedge fund sector. The indices draw from a diverse and representative platform of assets. The Capital Movement Index and Forward Redemption Indicator provide monthly reports using actual and anticipated capital movement data from all hedge fund clients for whom SS&C GlobeOp provides administration services. The Hedge Fund Performance Index is an asset-weighted benchmark of the aggregate performance of funds under SS&C GlobeOp’s monthly administration. The index data integrates funds acquired through the Citi Alternative Investor Services acquisition starting with the January 2017 reporting periods, and SS&C GlobeOp’s total assets under administration represent approximately 10% of the estimated assets in the hedge fund sector.
SS&C Technologies, established in 1986 and headquartered in Windsor, Connecticut, is a global provider of services and software to the financial services and healthcare industries. The company serves over 23,000 organizations worldwide.
