WINDSOR, Conn.--(BUSINESS WIRE)--May 21, 2026--
SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced the SS&C GlobeOp Forward Redemption Indicator for May 2026 measured 1.56%, up from 1.26% in April.
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"SS&C GlobeOp's Forward Redemption Indicator for May 2026 measured at 1.56%. In comparison, the figure was 2.34% a year ago, marking the fifth consecutive month of 2026 to post a five-year low for hedge fund redemptions," said Bill Stone, Chairman and Chief Executive Officer of SS&C Technologies. "Hedge fund asset retention remains strong as investors navigate uncertainties related to geopolitical tensions, higher inflation, stretched equity valuations, and market volatility."
The SS&C GlobeOp Forward Redemption Indicator represents the sum of forward redemption notices received from investors in hedge funds administered by SS&C GlobeOp on the SS&C GlobeOp platform, divided by the AuA at the beginning of the month for SS&C GlobeOp fund administration clients on the SS&C GlobeOp platform. Forward redemptions as a percentage of SS&C GlobeOp's assets under administration on the SS&C GlobeOp platform have trended significantly lower since reaching a high of 19.27% in November 2008. The next publication date is June 22, 2026.
Published on the 15th business day of the month, the SS&C GlobeOp Forward Redemption Indicator presents a timely and accurate view of the redemption pipeline for investors in hedge funds on the SS&C GlobeOp administration platform. Movements in the Indicator reflect investor confidence in their allocations to hedge funds. Indicator data is based on actual investor redemption notifications received. Unlike subscriptions, redemption notifications are typically received 30-90 days in advance of the redemption date. Investors may, and sometimes do, cancel redemption notices. In addition, the establishment and enforcement of redemption notices may vary from fund to fund.
SS&C GlobeOp Hedge Fund Performance Index
SS&C GlobeOp Capital Movement Index
SS&C GlobeOp Forward Redemption Indicator
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 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 services and software for the financial services and healthcare industries. Founded in 1986, SS&C is headquartered in Windsor, Connecticut, and has offices around the world. More than 23,000 financial services and healthcare organizations, from the world's largest companies to small and mid-market firms, rely on SS&C for expertise, scale and technology.
Additional information about SS&C (Nasdaq: SSNC) is available at www.ssctech.com.
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SS&C GlobeOp Forward Redemption Indicator
The risk of a catastrophic explosion of a damaged chemical tank in Southern California has been eliminated following a close overnight inspection that confirmed a crack in the tank relieved pressure and cooled the chemical, authorities said Monday.
Officials said crews conducted tank temperature checks at night to reduce risks to firefighters, avoiding daytime operations when heat from the tank made conditions around it most dangerous. The overnight mission allowed crews to verify the crack and confirm temperatures were falling, Orange County Fire Authority division chief Craig Covey said Monday morning.
Covey said the results of overnight evaluation of the tank — that the temperature inside had dropped and that pressure had lowered — was “incredibly positive news.”
However, evacuation orders remained in place for about 50,000 people in Garden Grove, California, located south of Los Angeles.
Covey said falling temperatures and the release of pressure from the tank were allowing officials to “turn the corner on this incident” after days of concern about a possible explosion.
After the tank overheated Thursday and began venting vapors, firefighters have repeatedly sprayed the tank with water in an attempt to cool the chemical inside, methyl methacrylate, which is used to make plastic parts.
The tank's interior reached 100 degrees (37.7 Celsius) Sunday, an increase of 10 degrees Fahrenheit (5.5 Celsius) since Saturday, according to Democratic state Sen. Tom Umberg. On Monday, Covey said the temperature fell to 93 degrees F (33.9 degrees C).
Fire officials had said earlier a crack discovered in the tank over the weekend may have helped relieve pressure, reducing the risk of a catastrophic explosion.
Gov. Gavin Newsom declared a state of emergency Saturday and said he asked President Donald Trump to issue an emergency declaration to bolster federal support for local and state officials.
The tank at GKN Aerospace Transparency Systems, which makes parts for commercial and military aircraft, holds 6,000 to 7,000 gallons (22,700 to 26,500 liters) of methyl methacrylate used to make plastic parts.
On Saturday, monitoring tests found air pollution around the evacuation zone was within normal limits and specialized equipment is being used to ensure gas is not released, state and federal environmental officials.
The first goal of firefighters was to cool off the chemical inside the tank to prevent a leak or explosion.
Drones were monitoring temperatures at 10-minute intervals to watch for any spikes. Containment barriers were set up to prevent the chemical from getting into storm drains or reaching creeks or the nearby ocean in the event of a spill, Covey said earlier.
As the interior temperature rises, methyl methacrylate converts from a liquid to a gas and increases the pressure, according to Purdue University engineering professor Andrew Whelton, who had said earlier that the crack could mean product or pressure is being released, reducing the chance of explosion.
“Think of a soda can. If you leave it in a hot car it can explode,” Whelton said. “But if you put a hole in the can, the product is released and the can itself doesn’t explode.”
An explosion that could spread the chemical over a broad area and send shrapnel flying would be the worst-case scenario, he said.
Aerial photos taken by The Associated Press showed streets in the area were empty Sunday, while several evacuation shelters were open. At a high school in neighboring La Palma, people slept in cars or on mats and sleeping bags on the asphalt.
Garden Grove is next to Anaheim, home to Disneyland’s two theme parks, which were not under evacuation orders. Park officials said they were monitoring the situation.
Exposure to methyl methacrylate can cause serious respiratory problems, neurological problems and irritation to the skin, eyes and throat, according to fact sheets about the chemical.
Whelton said if an explosion occurs, it will be crucial to conduct detailed air monitoring specifically for methyl methacrylate and not just generic tests for volatile organic compounds as officials did after a 2023 train derailment in East Palestine, Ohio, which released more than 115,000 gallons (435,000 liters) of vinyl chloride after officials blew open five tank cars and burned the chemical.
Orange County health officials said the chemical is easy to smell and people may notice it over a large area without being harmed.
Some Garden Grove residents filed a class-action federal lawsuit Saturday against GKN Aerospace Transparency Systems, which operates the facility where the tank is located. Lawyers for the residents argued that regardless of what happens, property values in the surrounding community are sure to be impacted.
GKN Aerospace did not comment on the lawsuit but has apologized to residents and businesses forced to evacuate. It said Sunday it was “working around the clock to mitigate the risk of a leak.”
GKN Aerospace agreed in 2025 to pay state regulators more than $900,000 to settle violations involving recordkeeping, permitting issues and nitrogen oxide emissions, according to a report on the South Coast Air Quality Management District website.
Associated Press journalist Ethan Swope in Garden Grove, California, contributed to this report.
An evacuation map is displayed at the incident command post at the Los Alamitos Race Course in Cypress, Calif., on Sunday, May 24, 2026. (AP Photo/Ethan Swope)
Water is sprayed on a damaged tank at GKN Aerospace in Garden Grove, Calif., on Sunday, May 24, 2026, after the tank containing a chemical used to make plastic parts overheated Thursday. (AP Photo/Ethan Swope)
The streets remain empty in Garden Grove, Calif., on Sunday, May 24, 2026, after a storage tank containing a chemical used to make plastic parts overheated Thursday at an aerospace plastics facility. (AP Photo/Ethan Swope)
Emergency personnel work at the incident command post at the Los Alamitos Race Course Sunday, May 24, 2026, in Cypress, Calif. (AP Photo/Ethan Swope)
Water is sprayed on a damaged tank at GKN Aerospace in Garden Grove, Calif., on Sunday, May 24, 2026, after the tank containing a chemical used to make plastic parts overheated Thursday. (AP Photo/Ethan Swope)
