Hedge fund flows creep up for August 10 August 2012Connecticut Reporter: Georgina Lavers
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Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index advanced 1.36 percent in August.
"Net inflows resumed in August taking the cumulative Index to a new high despite the continued uncertainty in European and US markets," said Bill Stone, chairman and CEO of SS&C Technologies.
"Interestingly, outflows for the month were the lowest we have seen for August since we started tracking the Index." The SS&C GlobeOp 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 August 2012 stands at 148.06 points, an increase of 1.36 points over July 2012.
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