Saturday, 27 August 2016
Last updated 8 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.