SS&C GlobeOp: Hedge Funds Gained 1.06% In October

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.

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