SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) reported that its SS&C GlobeOp Forward Redemption Indicator for November 2025 reached 2.43%, an increase from 1.86% in October. This figure is below the 2.91% recorded a year prior and the five-year average of 2.90%.
Bill Stone, Chairman and Chief Executive Officer of SS&C Technologies, noted that market volatility had sharply increased over the past month as investors reevaluated equity valuations and economic fundamentals. He added that hedge fund demand remained strong, with positive trends in both inflows and retention.
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 total by the assets under administration (AuA) at the beginning of the month for those clients. Historical data shows that forward redemptions as a percentage of SS&C GlobeOp’s AuA have trended significantly lower since reaching a high of 19.27% in November 2008.
The Indicator offers a timely view into the redemption pipeline for hedge fund investors on the SS&C GlobeOp administration platform, reflecting investor confidence in their hedge fund allocations. Data is based on actual investor redemption notifications, which are typically received 30-90 days before the redemption date. However, investors may cancel these notices, and enforcement varies by fund.
Key historical data for the SS&C GlobeOp Forward Redemption Indicator includes an all-time high of 19.27% in November 2008 and an all-time low of 1.48% in April 2022. The 12-month high was 3.54% in December 2024, and the 12-month low was 1.56% in July 2025. The largest monthly change observed was 9.60% in November 2008.
Additional indices from SS&C GlobeOp include the Hedge Fund Performance Index, which showed a flash estimate of 1.42% for the current month, a year-to-date performance of 12.75%, a last 12-month performance of 15.47%, and a life-to-date performance of 329.81% (all figures gross, with a base of 100 points on December 31, 2005). The SS&C GlobeOp Capital Movement Index, also based on 100 points on December 31, 2005, recorded an all-time high of 150.77 in September 2013 and a 12-month high of 128.09 in November 2025. Its largest monthly change was -15.21 in January 2009.
The SS&C GlobeOp Hedge Fund Index is a family of indices providing transparency on liquidity, investor sentiment, and performance for clients, investors, and the market. It is based on a diverse platform of representative assets. The Capital Movement Index and Forward Redemption Indicator provide monthly reports derived from actual and anticipated capital movement data collected from all hedge fund clients utilizing SS&C GlobeOp’s administration services. The Hedge Fund Performance Index is an asset-weighted benchmark of aggregate performance for funds receiving monthly administration services from SS&C GlobeOp.
SS&C Technologies, headquartered in Windsor, Connecticut, is a global provider of services and software for the financial services and healthcare industries. Founded in 1986, the company serves over 23,000 organizations worldwide. Its SS&C GlobeOp platform’s total assets under administration represent approximately 10% of the estimated assets invested in the hedge fund sector.
