SS&C Technologies Holdings, Inc. announced that its SS&C GlobeOp Forward Redemption Indicator measured 2.21% for September 2025, an increase from 2.03% reported in August. This figure provides insight into anticipated capital movements within the hedge fund sector.
Bill Stone, chairman and chief executive officer of SS&C Technologies, noted that the September 2025 indicator was lower than the 2.72% recorded for the same period a year ago, aligning with historical monthly averages and seasonal patterns. Stone also highlighted that the recent Federal Reserve rate cut has contributed to an uncertain economic outlook and heightened market volatility. He added that continued favorable hedge fund asset retention trends suggest investor confidence in hedge funds’ ability to offer downside protection and attractive risk-adjusted returns.
The SS&C GlobeOp Forward Redemption Indicator is calculated by summing forward redemption notices from investors in hedge funds administered by SS&C GlobeOp on its platform, then dividing this by the assets under administration (AuA) at the beginning of the month for these fund administration clients. This indicator serves as a timely and accurate view of the redemption pipeline, reflecting investor sentiment in their hedge fund allocations. Historically, forward redemptions as a percentage of SS&C GlobeOp’s AuA have significantly decreased since a peak of 19.27% in November 2008. The next indicator is scheduled for publication on October 21, 2025.
In addition to the Forward Redemption Indicator, SS&C GlobeOp publishes the SS&C GlobeOp Hedge Fund Performance Index and the SS&C GlobeOp Capital Movement Index. The Hedge Fund Performance Index reported a flash estimate of 1.71% for the current month, with year-to-date performance at 9.36%, last 12-month performance at 12.99%, and life-to-date performance at 316.91%, all gross. The Capital Movement Index, which hit an all-time high of 150.77 in September 2013, recorded a 12-month high of 127.55 in September 2025.
The SS&C GlobeOp Hedge Fund Index suite offers transparency on liquidity, investor sentiment, and performance, leveraging a substantial platform of diverse assets. The indices are based on actual and anticipated capital movement data collected from all hedge fund clients utilizing SS&C GlobeOp’s administration services. This data is based on the same reconciled fund data used 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 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.
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 more than 22,000 financial services and healthcare organizations worldwide.
