GlobeOp Forward Redemption Indicator: June (0081G)

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RNS Number : 0081G

GlobeOp Financial Services S.A.

25 June 2012

GlobeOp Forward Redemption Indicator: June notifications 3.71%

LONDON, NEW YORK - 25 June 2012 - The GlobeOp Forward Redemption Indicator for June 2012 measured 3.71%, up from 3.31% in May.

"The June Forward Redemption Indicator is surprisingly low given that it is dominated by July redemptions, a traditionally large month for fund withdrawals," said Hans Hufschmid, chief executive officer, GlobeOp Financial Services.

The Indicator represents the sum of forward redemption notices received from investors in hedge funds administered by GlobeOp, divided by the AuA at the beginning of the month for GlobeOp fund administration clients. Forward redemptions as a percentage of GlobeOp assets under administration have trended significantly lower since reaching a high of 19.27% in November 2008. The next publication date is July 20, 2012.

Published on the 15th business day of the month, the GlobeOp Forward Redemption Indicator presents a timely and accurate view of the redemption pipeline for investors in hedge funds on the 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.

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GlobeOp Financial Services

GlobeOp Financial Services (LSE:GO.) is an independent financial administrator specializing in middle and back office services and integrated risk-reporting to hedge funds, asset management firms and other sectors of the financial industry -- including family wealth, banks, insurance companies, pension funds and corporate treasuries. By outsourcing to GlobeOp, clients can reduce their technology investments and operational risks, while increasing their focus on asset generation and portfolio management. Established in 2000, GlobeOp serves approximately 200 clients worldwide, representing $187 billion in assets under administration. Headquartered in London and New York, GlobeOp employs over 2,300 people on three continents through its 11 offices in the Cayman Islands, India, Ireland, the UK and US. On May 31, 2012 the offer for GlobeOp Financial Services by SS&C Technologies (NASDAQ: SSNC) was declared unconditional. Further information: www.globeop.com; www.twitter.com/GlobeOp; www.globeopindex.com

About the GlobeOp Hedge Fund Index(R)

The GlobeOp Hedge Fund Index (the Index) is a family of indices published by GlobeOp Financial Services (LSE:GO.). 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 GlobeOp Hedge Fund Index is available at www.globeopindex.com or through a link on the homepage of www.globeop.com. Alert and RSS subscriber options are available at www.globeop.com. Index Twitter comments: #HFindex.

The GlobeOp Capital Movement Indexand the GlobeOp Forward Redemption Indicator provide monthly reports based on actual and anticipated capital movement data independently collected from all hedge fund clients for whom GlobeOp provides administration services.

The GlobeOp Hedge Fund Performance Index is an asset-weighted benchmark of the aggregate performance of funds for which GlobeOp provides monthly administration services. 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 GlobeOp Hedge Fund Index data will be based on the same reconciled fund data that GlobeOp uses to produce fund net asset values (NAV). GlobeOp's total assets under administration 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.

GlobeOp Capital Movement Index

    Base                                       100 points on 31 December 2005 
    All time high                            147.64 in June 2012 
    All time low                             99.67 in January 2006 
    12-month high                        147.64 in June 2012 
    12-month low                         133.95 in July 2011 
    Largest monthly change        -15.21 in January 2009 

GlobeOp Forward Redemption Indicator

    All time high                            19.27% in November 2008 
    All time low                            1.85% in January 2012 
    12-month high                       4.58% in December 2011 
    12-month low                        1.85% in January 2012 
    Largest monthly change        9.60% in November 2008 

GlobeOp, GlobeOp Hedge Fund Index and the GlobeOp "G" are trade or service marks of GlobeOp and its affiliates.

Media Contacts Caroline Beer Metia (UK)

Tel. [phone]

Email: [e-mail]

Raina Gajjar

Metia (US) Tel. [phone]

Email: [e-mail]

This information is provided by RNS

The company news service from the London Stock Exchange

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