SS&C GlobeOp: Hedge Fund Performance Index Up +0.86% In October

Nov 13 2017 | 5:45pm ET

Hedge funds notched their fifth consecutive month of positive returns in October and their tenth of the year to date, according to SS&C GlobeOp, while net asset flows advanced. 

The company’s widely followed SS&C GlobeOp Hedge Fund Performance Index returned +0.86% in October following September’s +0.67%, 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 November reading of SS&C GlobeOp’s Capital Movement Index reose by +39%, the company added. 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 showed a net inflow for November 2017, gaining 0.39%," said Bill Stone, CEO of SS&C Technologies, in a statement. "On a comparative basis, this was somewhat lower than the 0.66% increase in the index reported a year ago for November 2016, but well within the range of normal variation. Overall, this month's results point to stability in investors' allocations to hedge funds."

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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