SS&C Technologies Holdings (Nasdaq: SSNC) today announced that the SS&C GlobeOp Forward Redemption Indicator for October 2024 measured 2.23%, down from 2.72% in September, and lower than the 10-year average of 2.67%, according to the latest data from SS&C Technologies Holdings.
“While US markets approach all-time highs, redemption notices are running near historically low levels as investors maintain their allocations to hedge funds to lower correlations, manage downside risk, and improve the risk-adjusted returns,” said Bill Stone, Chairman and Chief Executive Officer of SS&C Technologies.
Additional data shows the SS&C GlobeOp Hedge Fund Performance Index with a flash estimate of 1.22% for the current month, 6.77% year-to-date, and 10.25% for the last 12 months. The SS&C GlobeOp Capital Movement Index’s 12-month high was 127.90 in November 2023, while the 12-month low was 123.64 in April 2024.