Wednesday, 26 October 2016
Last updated 4 hours ago
Feb 15 2013 | 2:23am ET
February has been a good month for hedge fund inflows over the last decade, and this year's edition isn't disappointing.
The SS&C GlobeOp Capital Movement Index, which measures net flows into and out of hedge funds, rose 1.5%, after falling 2.58% in January. "Seven of the last eight years have had February as a positive month," SS&C Technologies CEO Bill Stone said. "That trend continued in 2013 with net positive cash flows."
Separately, the company said its SS&C GlobeOp Hedge Fund Performance Index advanced 2.62% to open 2013. The benchmark added 10.32% last year, one of the few hedge fund indices to show double-digit returns in 2012.