SS&C GlobeOp: Hedge Fund Performance Index Up + 2.99% in January

Feb 13 2018 | 1:25pm ET

Hedge fund continued its positive returns into 2018, according to new data from SS&C GlobeOp.

The company’s SS&C GlobeOp Hedge Fund Performance Index gained 2.99% in January, following last December’s +0.84% increase, the company said in a statement. 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 February reading of the SS&C GlobeOp Capital Movement Index advances by 0.92%. 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 for February 2018 showed net flows of 0.92%, an increase from the 0.51% gain reported for the same period a year ago for February 2017,” said Bill Stone, CEO of SS&C Technologies. “This favorable result is consistent with other recent indicators showing that 2018 is off to a strong start for the hedge fund industry in terms of asset growth.”

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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