SS&C GlobeOp: Hedge Fund Performance Index Up +0.90% In July

Sep 14 2017 | 10:22pm ET

Hedge funds continued their positive momentum into August, according to new data from SS&C GlobeOp, while net asset flows advanced again. 

The company’s widely followed SS&C GlobeOp Hedge Fund Performance Index gained 0.90% in August following a solid +1.24% rise in July. 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 September reading of SS&C GlobeOp’s Capital Movement Index repeated August’s slight 0.25% advance, gaining 0.13% for the period. 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 0.13% for September 2017 indicating positive net flows into hedge funds,” said Bill Stone, CEO of SS&C Technologies, in a statement. “While this increase was smaller than the 0.39% reported for the same period a year ago, the result shows that hedge funds can attract assets even in periods of heightened international tensions as we’ve seen in the past month.”

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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