SS&C reports decline in hedge fund redemptions in January

WINDSOR, Conn. – SS&C Technologies Holdings (NASDAQ: SSNC) announced the latest SS&C GlobeOp forward redemption metrics. This represents a decrease in hedge fund redemption notices in January 2023. The indicator decreased from 3.64 to 2.03%. % in November 2023, in line with the five-year average for this period.

The Forward Redemption Index is a measure of withdrawal notices received from hedge funds managed by SS&C GlobeOp, expressed as a percentage of assets under management at the beginning of the month.

Bill Stone, chairman and chief executive officer of SS&C Technologies, said the current low level of redemptions, despite broader economic conditions such as central bank interest rate policy and suggests that hedge fund managers maintain confidence in their ability to deliver favorable risk-adjusted returns. Efforts to control inflation without causing a recession.

Historically, this indicator has been volatile, reaching an all-time high of 19.27% ​​in November 2008. Conversely, the lowest level recorded was his 1.48% in April 2022.

In addition to forward redemption indicators, SS&C GlobeOp also publishes hedge fund performance indices and capital movement indices. Both provide a snapshot of hedge fund industry performance and capital flow trends. These indexes are part of the SS&C GlobeOp Hedge Fund Index family, which aims to provide transparency into liquidity, investor sentiment, and fund performance.

Investment Pro Insights

With SS&C Technologies Holdings, Inc. (NASDAQ: SSNC) showing stability via the SS&C GlobeOp Forward Redemption Indicator, investors may gain further confidence in the company’s financial health and market position. investment pro tips It has been revealed that SSNC has consistently increased its dividend for seven consecutive years. This may be a sign of the company’s financial health and commitment to shareholder returns. Additionally, the stock’s low price volatility suggests it is a stable investment choice for those who want to avoid market ups and downs.

staring at investment professional data, SS&C Technologies has a market capitalization of $15.25 billion and a price-to-earnings ratio (P/E) of 24.73, which is roughly in line with its trailing 12-month adjusted P/E ratio as of Q3 2023. This consistency indicates a stable earnings outlook. . The company’s revenue growth rate of 3.64% over the same period reflects its steady expansion in business scale, and its gross margin of 47.8% supports its ability to maintain profitability.

If you are interested in a more detailed analysis, investment professional The platform lists additional tips to help investors make informed decisions. SS&C Technologies’ high return over the past three months is another highlight, with the stock’s total return of 24.49%, indicating the momentum of the stock’s recent performance. The company is expected to remain profitable this year, which could further strengthen investor confidence.

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