Hedge fund flows as measured by the GlobeOp Capital Movement Index advanced 2.27% in September.
“Net inflows for the month were the second highest this year, and the highest for September since the Index began in 2006,” said Hans Hufschmid, chief executive officer, GlobeOp Financial Services (LSE:GO.). “It could well be that in a zero interest rate environment and a challenging equity market, a diversified portfolio of hedge fund investments is becoming an ever more attractive alternative.”
Cumulatively, the GlobeOp Capital Movement Index for September 2011 stands at 137.02 points, an increase of 2.27 points over August 2011. The Index was based at 100 on December 31, 2005 and has advanced 14.94 points over the past 12 months.
The index represents the monthly net of hedge fund subscriptions and redemptions administered by GlobeOp divided by the total assets under administration.