Friday, 28 October 2016
Last updated 5 hours ago
Sep 12 2012 | 12:10pm ET
Investors have added to their hedge fund holdings over the last month, with net in excess of 1%.
The SS&C GlobeOp Capital Movement Index rose 1.07% this month. The index, which measures net subscriptions and redemptions for funds administered by GlobeOp, has risen 11.93% over the past 12 months.
"Solid net flows into hedge funds continued in September, taking the cumulative index to a new high yet again," Bill Stone, CEO of SS&C Technologies, which acquired GlobeOp Financial Services this year, said. "It is especially interesting to note that outflows are unusually low. Redemptions for the month, and for the last quarter, are the lowest we have seen since the Index began in 2006. Investors are showing continued satisfaction with their hedge fund holdings."