Wednesday, 29 June 2016
Last updated 9 hours ago
Oct 12 2011 | 10:34am ET
Investors still have faith in hedge funds, despite a rocky third quarter.
The GlobeOp Capital Movement Index, which measures hedge fund flows, advanced 0.31% in October.
Cumulatively, the index stood at 137.46 points in October, up 0.31 points from September 2011. The index has advanced 14.26 points over the past 12 months.
“Hedge fund investors remain committed,” said Hans Hufschmid, CEO of hedge fund administrator GlobeOp. “After a double-digit decline in equities over the quarter, alternative investments continue to hold their attraction.”
The index represents the monthly net of hedge fund subscriptions and redemptions divided by the total assets under administration by GlobeOp’s clients.