Tuesday, 2 June 2015
Last updated 3 min 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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…