SS&C GlobeOp Hedge Fund Performance Index Up 0.88% in September

Oct 13 2016 | 11:37pm ET

Hedge fund returns as tracked by global administrator SS&C GlobeOp were in the green for the third straight month in September, while asset flows tipped negative. 

The company’s widely followed SS&C GlobeOp Hedge Fund Performance Index gained 0.88% for the month, following 0.73% in August and 1.53% in July. September’s return marks the sixth positive month out of the past seven for the measure.

SS&C GlobeOp’s 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 October reading of SS&C GlobeOp’s Capital Movement Index, which measures hedge fund flows, fell -1.54% after advancing a net 0.38% in September. 

Similar to its performance-focused counterpart, the index tracks monthly net 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’ decline of 1.54% for October of 2016 was consistent with the historical seasonal pattern of net outflows at quarter-end,” said Bill Stone, chairman and CEO of SS&C Technologies. “The 1.54% decline was slightly larger than the 1.27% decline reported a year ago for October 2015, but well within the SS&C GlobeOp Capital Movement Index's normal range.”  

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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