SS&C: Hedge Funds Suffer Oct. Outflows

Oct 14 2013 | 11:29am ET

Investors are pulling money out of hedge funds this month, according to SS&C Technologies.

The SS&C GlobeOp Capital Movement Index is down 1.28% for October. The benchmark measures monthly net hedge fund flows.

"Capital activity volume was up for the month, with redemptions outpacing subscriptions, representing typical quarter-end rebalancing," SS&C CEO Bill Stone said.

SS&C added that hedge funds returned 1.84% last month.

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