SS&C Technologies Holdings, Inc. announced that its SS&C GlobeOp Forward Redemption Indicator for July 2025 measured 1.56%, a decrease from 2.27% in June. This continues a three-year trend of declining redemption levels.
Bill Stone, Chairman and Chief Executive Officer of SS&C Technologies, noted that the decline reflects this ongoing trend. He added, “With markets setting all-time highs, asset allocators are seeking investment alternatives to mitigate volatility. These alternatives aim to protect portfolios from large drawdowns, which are characteristics provided by hedge fund managers.”
First published on the 15th business day of each month, the SS&C GlobeOp Forward Redemption Indicator provides a current view of the redemption pipeline for investors in hedge funds that use the SS&C GlobeOp administration platform. It is calculated by summing forward redemption notices received from investors in hedge funds administered by SS&C GlobeOp, divided by the assets under administration (AuA) at the beginning of the month for SS&C GlobeOp fund administration clients on the platform.
Since reaching a high of 19.27% in November 2008, forward redemptions as a percentage of SS&C GlobeOp’s assets under administration have significantly trended lower. The indicator’s movements are designed to reflect investor confidence in their hedge fund allocations. Indicator data is derived from actual investor redemption notifications, which are typically received 30-90 days prior to the redemption date. It should be noted that investors may cancel redemption notices, and the enforcement of these notices can vary between funds. The next publication date for the indicator is August 21, 2025.
The SS&C GlobeOp Hedge Fund Performance Index, with a base of 100 points on December 31, 2005, reported a flash estimate of 1.40% for the current month, 4.69% year-to-date, 9.33% for the last 12 months, and 299.12% life-to-date. All reported performance figures are gross.
The SS&C GlobeOp Capital Movement Index, also based on 100 points on December 31, 2005, reached an all-time high of 150.77 in September 2013 and an all-time low of 99.67 in January 2006. Its 12-month high was 126.40 in June 2025, and its 12-month low was 123.40 in January 2025. The largest recorded monthly change was a decrease of 15.21 in January 2009.
For the SS&C GlobeOp Forward Redemption Indicator itself, historical data shows an all-time high of 19.27% in November 2008, an all-time low of 1.48% in April 2022, a 12-month high of 3.54% in December 2024, and the current 12-month low of 1.56% in July 2025. The largest monthly change was 9.60% in November 2008.
SS&C GlobeOp’s Hedge Fund Index is a suite of indices providing transparency on liquidity, investor sentiment, and performance within the hedge fund sector. Based on a significant and diverse platform of assets, these indices include the SS&C GlobeOp Capital Movement Index and the SS&C GlobeOp Forward Redemption Indicator, which offer monthly reports based on actual and anticipated capital movement data collected from hedge fund clients receiving SS&C GlobeOp administration services. The SS&C GlobeOp Hedge Fund Performance Index is an asset-weighted benchmark of aggregate performance for funds receiving monthly administration services. Data for these indices is based on the same reconciled fund data used by SS&C GlobeOp to produce fund net asset values (NAV). Funds acquired through the acquisition of Citi Alternative Investor Services were integrated into the index suite starting with January 2017 reporting periods. SS&C GlobeOp’s total assets under administration on its platform represent approximately 10% of the estimated assets currently invested in the hedge fund sector. The investment strategies of funds included in the indices span a representative industry sample. Data from middle and back office clients not receiving fund administration services are not included in the Index.
SS&C Technologies, founded in 1986 and headquartered in Windsor, Connecticut, is a global provider of services and software for the financial services and healthcare industries. The company has offices worldwide and serves over 22,000 financial services and healthcare organizations, ranging from large enterprises to small and mid-market firms.
