Tuesday, 23 August 2016
Last updated 2 min ago
Nov 13 2013 | 8:04am ET
Hedge fund returned 1.06% last month, according to the SS&C GlobeOp Hedge Fund Performance Index. This brings year-to-date returns for hedge funds to 9.93%, according to the fund administration firm.
Meanwhile, the S&P 500 bested hedge funds by returning 4.5% in October, and is up 23.2% for the year though October.
And while hedge fund returns are solid, so is the stream of money pouring into them. Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index have advanced 0.16% in November.
“Capital flows for the month were slightly positive, with subscription levels reaching a 10-month high,” said Bill Stone, Chairman and Chief Executive Officer of SS&C Technologies.