SS&C GlobeOp: Hedge Fund Performance Index Up +0.67% In September

Oct 12 2017 | 10:12pm ET

Hedge funds booked their fourth consecutive month of positive returns in September and their ninth of the year to date, according to SS&C GlobeOp, while net asset flows dipped.

The company’s SS&C GlobeOp Hedge Fund Performance Index gained 0.67% in September following August’s 0.90% and July’s +1.24%, the company said. 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 October reading of SS&C GlobeOp’s Capital Movement Index fell by -0.95%. 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 October 2017 of -0.95% reflects net outflows in line with normal seasonality,” said Bill Stone, CEO of SS&C Technologies, in a statement. “In fact, on a year-over-year basis, the -0.95% for October 2017 compares quite favorably to the -1.75% reported a year ago for October 2016. 

“This year-over-year reduction in net outflows for October is consistent with other data points we have seen in our business during 2017 showing improved asset retention for the hedge fund industry,” Stone added. 

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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