SS&C Technologies Holdings, Inc. announced that its SS&C GlobeOp Forward Redemption Indicator for August 2025 measured 2.03%, an increase from 1.56% recorded in July.
The August 2025 figure of 2.03% was lower than the 2.59% reported for the same period a year ago, aligning with longer-term averages and seasonal patterns. Bill Stone, Chairman and Chief Executive Officer of SS&C Technologies, noted that while corporate earnings have generally been positive this quarter, weakening consumer sentiment, rising fiscal deficits, and higher tariff rates continue to contribute to market volatility. Stone highlighted that the strong risk-adjusted returns of hedge funds can assist investors in navigating economic uncertainty and volatile market conditions.
The SS&C GlobeOp Forward Redemption Indicator is calculated by summing forward redemption notices received from investors in hedge funds administered by SS&C GlobeOp on its platform, then dividing this sum by the assets under administration (AuA) at the beginning of the month for SS&C GlobeOp fund administration clients on the platform. Forward redemptions, as a percentage of SS&C GlobeOp’s assets under administration, have shown a significant downward trend since reaching a peak of 19.27% in November 2008.
Published on the 15th business day of each month, the SS&C GlobeOp Forward Redemption Indicator provides a timely view of the redemption pipeline for hedge fund investors using the SS&C GlobeOp administration platform. Movements in the Indicator are designed to reflect investor confidence in their hedge fund allocations. The data is based on actual investor redemption notifications received, which are typically sent 30-90 days prior to the redemption date. It is important to note that investors may cancel redemption notices, and the rules for establishing and enforcing these notices can differ among funds.
Additional data from SS&C GlobeOp’s indices includes:
The SS&C GlobeOp Hedge Fund Performance Index, with a base of 100 points on December 31, 2005, reported a flash estimate of 1.25% for the current month, a year-to-date (YTD) return of 7.1%, a last 12-month (LTM) return of 11.05%, and a life-to-date (LTD) return of 308.29%. All reported performance figures are gross.
The SS&C GlobeOp Capital Movement Index, also based at 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 126.99 in August 2025, with a 12-month low of 123.40 in January 2025. The largest monthly change recorded was a decrease of 15.21 in January 2009.
Regarding the SS&C GlobeOp Forward Redemption Indicator, its all-time high was 19.27% in November 2008, and its all-time low was 1.48% in April 2022. The 12-month high for the indicator was 3.54% in December 2024, with a 12-month low of 1.56% in July 2025. The largest monthly change recorded was an increase of 9.60% in November 2008.
The SS&C GlobeOp Hedge Fund Index® is a family of indices published by SS&C GlobeOp. This unique set of indices, provided by a hedge fund administrator, aims to offer transparency on liquidity, investor sentiment, and performance to clients, investors, and the broader market. The Index is built upon a substantial platform of diverse and representative assets. The SS&C GlobeOp Capital Movement Index and the SS&C GlobeOp Forward Redemption Indicator deliver 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. The SS&C GlobeOp Hedge Fund Performance Index is an asset-weighted benchmark reflecting the aggregate performance of funds for which SS&C GlobeOp offers monthly administration services. Flash estimates, interim, and final values are provided in the three months following each business month-end, respectively. While individual fund data is anonymized through aggregation, the SS&C GlobeOp Hedge Fund Index data is derived from 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 have been integrated into the index suite starting with the 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 the funds included in the indices cover 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 reflected in the Company’s overall results.
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, providing expertise, scale, and technology.
