SS&C GlobeOp: Hedge Funds Add 1.42% In July

Hedge funds gained 1.42% in July, according to the SS&C GlobeOp performance index.

Last month’s totals bring hedge funds’ year-to-date gains to 5.74% (gross).

The index is based on the same reconciled fund data that hedge fund administrator SS&C GlobeOp uses to produce fund net asset values. The firm administers assets worth $187 billion, or approximately 10% of the estimated assets currently invested in the hedge fund sector.