SS&C GlobeOp Hedge Fund Performance Index Books Third Straight Monthly Gain

Jun 13 2016 | 6:35pm ET

Hedge funds gained ground for the third consecutive month in May, according to new data from SS&C GlobeOp’s Hedge Fund Performance Index.

The measure returned 1.26% during the month, following 1.19% in April and 0.90% in March. It was down sharply in January and February. 

The asset-weighted index flashes a monthly estimate of the gross aggregate performance of funds for which SS&C GlobeOp provides monthly administration services on its platform.

Meanwhile, the June reading of SS&C GlobeOp’s Capital Movement Index, which measures hedge fund flows, advanced a slight 0.03%. Similar to its performance-focused counterpart, the index tracks monthly hedge fund subscriptions and redemptions administered by SS&C GlobeOp on the company’s platform, divided by the total assets under administration.

“SS&C GlobeOp’s Capital Movement Index showed a slight increase in June 2016, rising 0.03%, smaller than the 0.23% increase registered a year ago for June of 2015,” said Bill Stone, Chairman and CEO of SS&C Technologies. “This drop is not particularly significant by itself because June is typically a month that shows subdued activity. 

“In fact, both inflows and outflows for June 2016 were the smallest of any month of June since the index began in 2006,” he added. “This indicates stability in investors’ overall allocations to hedge funds despite difficult market conditions.”

SS&C GlobeOp’s total assets under administration on the SS&C GlobeOp platform represent approximately 10% of the estimated assets currently invested in the hedge fund sector. Founded in 1986, the Windsor, CT-based firm provides investment and financial software-enabled services and software focused exclusively on the global financial services industry, providing services to more than 10,000 financial services organizations managing an aggregate $44 trillion in assets.

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