SS&C GlobeOp: Hedge Fund Performance Index Up +1.24% In July

Aug 11 2017 | 9:03pm ET

Hedge funds posted their best returns since January last month, according to new research from SS&C GlobeOp, while net asset flows advanced slightly.

The company’s widely followed SS&C GlobeOp Hedge Fund Performance Index gained +1.24% in July following a breakeven June. It was the best showing since January 2017’s +1.77%. 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 August reading of SS&C GlobeOp’s Capital Movement Index reversed July’s steep decline to gain +0.25%. 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 rose 0.25% for August 2017, indicating positive net flows into hedge funds,” said Bill Stone, CEO of SS&C Technologies, in a statement. “Although lower than the 0.74% gain in net flows registered during the same period a year ago for August 2016, this increase continues the favorable trend in net asset retention by funds thus far this year.”

Windsor, CT-based SS&C’s clients represent about 10% of assets invested in the hedge fund sector. Founded in 1986, the company provides investment and financial software-enabled services to more than 10,000 financial services organizations that manage an aggregate $44 trillion in assets.

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