Hedge fund flows hit 6-month low for SS&C
14 July 2014 Connecticut
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The gross return of the SS&C GlobeOp Hedge Fund Performance Index for June 2014 measured 1.16 percent, while hedge fund flows as measured by its Capital Movement Index declined 1.77 percent in July.
Total assets under administration on the GlobeOp platform represent approximately 10 percent of the estimated assets currently invested in the hedge fund sector.
“Due to semi-annual redemptions, net flows were negative for the month and represent a new 6-month low,” said Bill Stone, chairman and CEO of SS&C Technologies.
The SS&C GlobeOp Hedge Fund Performance Index is an asset-weighted, independent monthly window on hedge fund performance.
On the ninth business day of each month it provides a flash estimate of the gross aggregate performance of funds for which SS&C GlobeOp provides monthly administration services on the GlobeOp platform.
The Capital Movement Index represents the monthly net of hedge fund subscriptions and redemptions administered by SS&C GlobeOp on the GlobeOp platform.
This monthly net is divided by the total assets under administration (AuA) for fund administration clients on the GlobeOp platform.
Cumulatively, the SS&C GlobeOp Capital Movement Index for July 2014 stood at 148.66 points, a decrease of 1.77 points over June 2014.
The Index has declined 0.33 points over the past 12 months.
Total assets under administration on the GlobeOp platform represent approximately 10 percent of the estimated assets currently invested in the hedge fund sector.
“Due to semi-annual redemptions, net flows were negative for the month and represent a new 6-month low,” said Bill Stone, chairman and CEO of SS&C Technologies.
The SS&C GlobeOp Hedge Fund Performance Index is an asset-weighted, independent monthly window on hedge fund performance.
On the ninth business day of each month it provides a flash estimate of the gross aggregate performance of funds for which SS&C GlobeOp provides monthly administration services on the GlobeOp platform.
The Capital Movement Index represents the monthly net of hedge fund subscriptions and redemptions administered by SS&C GlobeOp on the GlobeOp platform.
This monthly net is divided by the total assets under administration (AuA) for fund administration clients on the GlobeOp platform.
Cumulatively, the SS&C GlobeOp Capital Movement Index for July 2014 stood at 148.66 points, a decrease of 1.77 points over June 2014.
The Index has declined 0.33 points over the past 12 months.
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