Thursday, 30 March 2017
Last updated 4 hours ago
Dec 12 2013 | 11:58am ET
Investors have closed out 2013 adding to their hedge fund investments, according to SS&C Technologies.
The SS&C GlobeOp Capital Movement Index rose 0.6% this month. "December closes the year on a positive note, with net capital inflows of almost two to one," SS&C CEO Bill Stone said.
The Index was positive in eight of 12 months this year, with investors redeeming more than they invested in only the first month of each quarter.
SS&C also said that hedge funds returned 1.47% last month, bringing their gross returns for 2013 to 11.54%. That makes the SS&C GlobeOp Hedge Fund Performance Index among the most positive indicators for the industry this year; most indices show hedge funds with average returns in the mid-to-high single digits.