SS&C Technologies Holdings, Inc. announced that its SS&C GlobeOp Forward Redemption Indicator for July 2025 registered 1.56%, marking a decrease from 2.27% in June and reaching its lowest point in 12 months.
The July 2025 reading continues a three-year trend of decreasing redemption levels. Commenting on the indicator, Bill Stone, Chairman and Chief Executive Officer of SS&C Technologies, noted, “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.”
The SS&C GlobeOp Forward Redemption Indicator calculates the total forward redemption notices received from investors in hedge funds administered by SS&C GlobeOp, divided by the assets under administration (AuA) on the SS&C GlobeOp platform at the beginning of the month. This indicator provides insight into investor confidence in their hedge fund allocations. Historically, forward redemptions as a percentage of SS&C GlobeOp’s AuA have significantly decreased since reaching a peak of 19.27% in November 2008. The indicator’s all-time low was 1.48% in April 2022. In the last 12 months, it ranged from a high of 3.54% in December 2024 to its current low of 1.56% in July 2025. Redemption notifications are typically received 30 to 90 days prior to the redemption date, although investors may cancel notices, and enforcement varies by fund.
SS&C GlobeOp also publishes related indices that provide a broader view of the hedge fund landscape. The SS&C GlobeOp Hedge Fund Performance Index, based on gross aggregate performance, shows a flash estimate of 1.40% for the current month, 4.69% year-to-date, 9.33% over the last 12 months, and 299.12% life-to-date since its December 2005 baseline. Meanwhile, the SS&C GlobeOp Capital Movement Index, also based on a December 2005 baseline, reached an all-time high of 150.77 in September 2013 and a 12-month high of 126.40 in June 2025.
The SS&C GlobeOp Hedge Fund Index is a suite of indices designed to offer transparency on liquidity, investor sentiment, and performance within the hedge fund sector. These indices leverage SS&C GlobeOp’s extensive platform of diverse and representative assets. Both the Capital Movement Index and the Forward Redemption Indicator utilize actual and anticipated capital movement data collected independently from hedge fund clients for whom SS&C GlobeOp provides administration services. The Hedge Fund Performance Index is an asset-weighted benchmark of funds receiving monthly administration services from SS&C GlobeOp. The data, anonymized through aggregation, is derived from the same reconciled fund data used by SS&C GlobeOp to produce fund net asset values (NAV). With SS&C GlobeOp’s total assets under administration representing approximately 10% of the estimated assets invested in the hedge fund sector, its indices offer a substantial industry sample.
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 serves over 22,000 organizations worldwide, ranging from large enterprises to small and mid-market firms.
The next publication of the SS&C GlobeOp Forward Redemption Indicator is scheduled for August 21, 2025.