Hedge fund performance down, says SS&C
14 January 2016 Connecticut
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SS&C GlobeOp’s Hedge Fund Performance Index reported that gross returns fell by 0.34 percent in December 2015, down from 0.21 percent in the previous month.
Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index also declined by 2.77 percent in January. This is down from a 0.75 percent advance in December.
The index represents the monthly net of hedge fund subscriptions and redemptions administered by SS&C GlobeOp on the SS&C GlobeOp platform.
The monthly net is divided by the total assets under administration for fund administration clients on the SS&C platform.
Cumulatively, the Capital Movement Index stands at 143.44 points for January 2016, a decrease of 2.77 points over December 2015 and a decline of 2.81 points over the past 12 months.
“January typically sees the highest outflows of any month as investor rebalancing occurs,” said Bill Stone, chairman and CEO of SS&C Technologies.
“This seasonality can be seen in SS&C GlobeOp’s capital movement index for January 2016 which came in at -2.77 percent following a gain of 0.75 percent for December 2015.”
“In terms of the year-over-year comparison, the -2.77 percent for January 2016 is an improvement over -3.28 percent for January 2015, a favourable result particularly in view of recent market turmoil.”
SS&C GlobeOp’s data represents approximately 10 percent of the hedge fund industry.
Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index also declined by 2.77 percent in January. This is down from a 0.75 percent advance in December.
The index represents the monthly net of hedge fund subscriptions and redemptions administered by SS&C GlobeOp on the SS&C GlobeOp platform.
The monthly net is divided by the total assets under administration for fund administration clients on the SS&C platform.
Cumulatively, the Capital Movement Index stands at 143.44 points for January 2016, a decrease of 2.77 points over December 2015 and a decline of 2.81 points over the past 12 months.
“January typically sees the highest outflows of any month as investor rebalancing occurs,” said Bill Stone, chairman and CEO of SS&C Technologies.
“This seasonality can be seen in SS&C GlobeOp’s capital movement index for January 2016 which came in at -2.77 percent following a gain of 0.75 percent for December 2015.”
“In terms of the year-over-year comparison, the -2.77 percent for January 2016 is an improvement over -3.28 percent for January 2015, a favourable result particularly in view of recent market turmoil.”
SS&C GlobeOp’s data represents approximately 10 percent of the hedge fund industry.
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