Press Release

For Immediate Release

Contact(s):
  Patrick Pedonti
  Chief Financial Officer
  Tel: +1-860-298-4738

  Justine Stone
  Investor Relations
  Tel: +1- 212-367-4705
  E-mail: InvestorRelations@sscinc.com

SS&C GlobeOp Hedge Fund Performance Index: September performance 0.67%; Capital Movement Index: October net flows decline 0.95%

WINDSOR, CT – 12 October 2017 The gross return of the SS&C GlobeOp Hedge Fund Performance Index for September 2017 measured 0.67%.

Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index declined 0.95% in October.

“SS&C GlobeOp’s Capital Movement Index for October, 2017 of -0.95% reflects net outflows in line with normal seasonality,” said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. “In fact, on a year-over-year basis, the -0.95% for October, 2017 compares quite favorably to the -1.75% reported a year ago for October, 2016. This year-over-year reduction in net outflows for October is consistent with other data points we have seen in our business during 2017 showing improved asset retention for the hedge fund industry.”

SS&C GlobeOp Hedge Fund Performance Index

PI 2017

The SS&C GlobeOp Hedge Fund Performance Index is an asset-weighted, independent monthly window on hedge fund performance. On the ninth business day of each month it provides a flash estimate of the gross aggregate performance of funds for which SS&C GlobeOp provides monthly administration services on the SS&C GlobeOp platform. Interim and final values, both gross and net, are provided in each of the two following months, respectively. Online data can be segmented by gross and net performance, and by time periods. The SS&C GlobeOp Hedge Fund Performance Index is transparent, consistent in data processing, and free from selection or survivorship bias.  Its inception date is January 1, 2006.

The SS&C GlobeOp Hedge Fund Performance Index offers a unique reflection of the return on capital invested in funds.  It does not overstate exposure to, or the contribution of, any single strategy to aggregate hedge fund performance. Since its inception, the correlation of the SS&C GlobeOp Performance Index to many popular equity market indices has been approximately 25% to 30%. This is substantially lower than the equivalent correlation of other widely followed hedge fund performance indices.

SS&C GlobeOp Capital Movement Index

CMI 2017

The SS&C GlobeOp Capital Movement Index represents the monthly net of hedge fund subscriptions and redemptions administered by SS&C GlobeOp on the SS&C GlobeOp platform. This monthly net is divided by the total assets under administration (AuA) for fund administration clients on the SS&C GlobeOp platform.

Cumulatively, the SS&C GlobeOp Capital Movement Index for October 2017 stands at 137.25 points, a decrease of 0.95 points over September 2017. The Index has declined 3.10 points over the past 12 months. The next publication date is November 13, 2017.

Published on the ninth business day of each month, the SS&C GlobeOp Capital Movement Index presents a timely and accurate view of investments in hedge funds on the SS&C GlobeOp administration platform. Data is based on actual subscriptions and redemptions independently calculated and confirmed from real capital movements, and published only a few business days after they occur. Following the month of its release, the Index may be updated for capital movements that occurred after the fifth business day.

SS&C GlobeOp Hedge Fund Performance Index

Base 100 points on 31 December 2005
Flash estimate (current month) 0.67%*
Year-to-date (YTD) 6.32%*
Last 12 month (LTM) 8.52%*
Life to date (LTD) 143.32%*
*All numbers reported above are gross  

SS&C GlobeOp Capital Movement Index

Base 100 points on 31 December 2005
All time high 150.77 in September 2013
All time low 99.67 in January 2006
12-month high 141.22 in December 2016
12-month low 137.25 in October 2017
Largest monthly change - 15.21 in January 2009

SS&C GlobeOp Forward Redemption Indicator

All time high 19.27% in November 2008
All time low 1.85% in January 2012
12-month high 5.67% in December 2016
12-month low 2.41% in April 2017
Largest monthly change 9.60% in November 2008

About the SS&C GlobeOp Hedge Fund Index®

The SS&C GlobeOp Hedge Fund Index (the Index) is a family of indices published by SS&C GlobeOp. A unique set of indices by a hedge fund administrator, it offers clients, investors and the overall market a welcome transparency on liquidity, investor sentiment and performance. The Index is based on a significant platform of diverse and representative assets.

The SS&C GlobeOp Hedge Fund Index is available at www.sscglobeopindex.com or through a link on the homepage of www.sscglobeop.com. Alert and RSS subscriber options are available at www.sscglobeop.com. Index Twitter comments: #HFindex.

The SS&C GlobeOp Capital Movement Index and the SS&C GlobeOp Forward Redemption Indicator provide 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 on the SS&C GlobeOp platform.

The SS&C GlobeOp Hedge Fund Performance Index is an asset-weighted benchmark of the aggregate performance of funds for which SS&C GlobeOp provides monthly administration services on the SS&C GlobeOp platform. Flash estimate, interim and final values are provided, in each of three months respectively, following each business month-end.

While individual fund data is anonymized by aggregation, the SS&C GlobeOp Hedge Fund Index data will be based on the same reconciled fund data that SS&C GlobeOp uses to produce fund net asset values (NAV). Funds acquired through the acquisition of Citi Alternative Investor Services are integrated into the index suite starting with the January 2017 reporting periods. SS&C GlobeOp’s total assets under administration on the SS&C GlobeOp platform represent approximately 10% of the estimated assets currently invested in the hedge fund sector. The investment strategies of the funds in the indices span 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 included in the Company’s results announcement figures.

About SS&C Technologies

SS&C is a global provider of investment and financial software-enabled services and software for the global financial services industry. Founded in 1986, SS&C is headquartered in Windsor, Connecticut and has offices around the world. Some 11,000 financial services organizations, from the world’s largest institutions to local firms, manage and account for their investments using SS&C’s products and services.