Wednesday, 28 September 2016
Last updated 7 hours ago
Aug 13 2013 | 10:02am ET
Hedge funds added 1.52% in July, according to the SS&C GlobeOp performance index.
The July numbers bring hedge funds' total year-to-date gains to 6.55% (gross).
The index is based on the same reconciled fund data that hedge fund administrator SS&C GlobeOp uses to produce fund net asset values. The firm administers assets worth $187 billion, or approximately 10% of the estimated assets currently invested in the hedge fund sector.
The data provider said hedge fund flows, as measured by its capital movement index, had grown 1.32% in August.
“Fewer redemptions in August resulted in a net positive inflow for the month, with subscriptions outpacing redemptions by more than two to one,” said Bill Stone, chairman and chief executive officer, SS&C Technologies.