Saturday, 29 August 2015
Last updated 7 hours ago
Jun 13 2013 | 10:05am ET
Hedge funds are taking in new money this month after posting performance gains in the last one.
The SS&C GlobeOp Capital Movement Index rose 1.17% this month. The index measures net subscriptions and redemptions of hedge funds on the GlobeOp administration platform.
"Net inflows increased for the month of June, with subscriptions outpacing redemptions two-to-one," SS&C Technologies CEO Bill Stone said.
The movement into hedge funds follows a 0.77% average return in May, according to the SS&C GlobeOp Hedge Fund Performance Index. That benchmark is up 7.14% on the year.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…