SS&C GlobeOp: Hedge Fund Performance Index Up 0.04% In June

Jul 14 2017 | 9:59pm ET

Hedge funds were slightly positive in June, according to new data from fund administrator SS&C GlobeOp, while the company’s asset flows indicator dipped. 

The company’s widely followed SS&C GlobeOp Hedge Fund Performance Index gained 0.04% following a -0.13% dip in May. The company’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 July reading of SS&C GlobeOp’s Capital Movement Index showed a decline of -1.80%, a large departure from last month’s +1.24% reading but still an improvement year-over-year. 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 July 2017 was -1.80%, compared to -2.53% a year ago for July 2016. The month of July typically sees a net outflow owing to seasonal factors, so this smaller net outflow is actually a very positive result,” said Bill Stone, CEO of SS&C Technologies. “In fact, July 2017 marks the sixth consecutive month of improvement in the Capital Movement Index, indicating the trend toward increased asset retention by hedge funds remains firmly intact."

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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