Hedge Funds Lose Ground In June

Jul 12 2013 | 7:38am ET

Hedge funds lost ground in June and outflows exceeded inflows in July, according to the latest data from SS&C GlobeOp.

The firm's Hedge Fund Performance Index for June was down 1.94% and its Capital Movement Index measured 1.30% in July.

“Outflows exceeded inflows for the month, with capital activity mirroring prior quarter-ends and reflecting typical investor activity,” said Bill Stone, chairman and chief executive officer, SS&C Technologies.

Total assets under administration on the GlobeOp platform represent approximately 10% of the estimated assets currently invested in the hedge fund sector.

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