Hedge fund flows decline 1.22 percent 12 April 2013London and New York Reporter: Georgina Lavers
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April will bring higher capital activity volume for hedge funds, with redemptions outpacing subscriptions, said SS&C GlobeOp. The fund administrator’s hedge fund performance index recorded its gross return for March 2013 at 1.53 percent, and hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index declined 1.22 percent in April.
“April brings higher capital activity volume with redemptions outpacing subscriptions, which is in line with last month’s slightly higher Forward Redemption Indicator,” said Bill Stone, chairman and chief executive officer of SS&C Technologies. ?
The SS&C 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.
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