Friday, 28 October 2016
Last updated 11 hours ago
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.