Thursday, 30 June 2016
Last updated 3 hours ago
Feb 13 2014 | 7:03am ET
At least one hedge fund industry benchmark shows the average fund gaining ground in January.
The SS&C GlobeOp Hedge Fund Performance Index edged up 1.39% last month.
Many industry indexes showed hedge funds losing ground in January (the HFRI Weighted Composite Index, down 0.6%; Eurekahedge, down 0.44%; Bank of America Merrill Lynch Diversified Investable Hedge Fund Composite Index, down 0.28%), although beating the S&P 500.
SS&C Technologies also reported a net inflow into hedge funds this month, with its Capital Movement Index rising 0.94%.
"Net flows were positive for the month, with subscriptions outpacing redemptions by two to one," said SS&C CEO Bill Stone in a statement.