Monday, 24 October 2016
Last updated 2 days ago
Sep 13 2013 | 10:54am ET
At least one hedge fund industry benchmark shows the average fund gaining, rather than losing, ground in August.
The SS&C GlobeOp Hedge Fund Performance Index edged up 0.29% last month. Nearly all other industry indices have shown declines of between 0.5% and 1.5% in August.
The SS&C index is up 6.82% on the year.
SS&C Technologies also reported a small net inflow into hedge funds this month, with its Capital Movement Index rising 0.42%.
"Net flows were modestly positive for September, with capital activity falling slightly from previous months," SS&C CEO Bill Stone Said.