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.
$2bn tech-focused hedge fund SoMa Equity Partners to shutter
San Francisco-based hedge fund SoMa Equity Partners is winding down after returning capital to investors, bringing the curtain down on a…
More
Arcana hires former Goldman Sachs exec to Lead EMEA expansion
Portfolio intelligence provider Arcana has appointed former Goldman Sachs executive Rhys Williams as head of EMEA, as the technology firm…
More
ExodusPoint adds Pictet trader to London equities team
Multi-strategy hedge fund major ExodusPoint Capital Management has strengthened its London equities operation with the appointment of Jade…
More
