SS&C GlobeOp Hedge Fund Performance Index Up 1.53% in November

Dec 13 2016 | 10:04pm ET

Hedge funds gained strongly in November after slipping in October, according to new data from administrator SS&C GlobeOp, while asset flows advanced.
 
The company’s widely followed SS&C GlobeOp Hedge Fund Performance Index gained +1.53% for the month, after October’s -0.12% decline. It was the measure’s best monthly performance since July’s +1.79% and the second best since May 2015’s +2.22%.
 
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 December reading of SS&C GlobeOp’s Capital Movement Index, which measures hedge fund flows, gained 0.24% after rising 0.73% in November. 
 
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 was positive for December 2016, rising 0.24%, indicating net flows into hedge funds," said Bill Stone, chairman and CEO of SS&C Technologies. "This increase was somewhat less than the same period a year ago, when December 2015 produced 0.75%.
 
"The smaller net increase for December 2016 reflects lower levels of both inflows and outflows, reflecting generally subdued activity in the sector," he added. 
 
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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