Hedge fund flows improved, says SS&C 13 November 2014Connecticut Reporter: Stephen Durham
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The gross return of the SS&C GlobeOp Hedge Fund Performance Index for October 2014 has been measured at -0.81 percent.
In November, hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index have already advanced 0.74 points over October.
Cumulatively, the SS&C GlobeOp Capital Movement Index for November stands at 149.21 points. The index has declined 0.80 points over the past 12 months.
“Net flows were positive for the month, with subscriptions outpacing redemptions by nearly two to one,” said Bill Stone, chairman and CEO of SS&C Technologies.
Since its inception, the correlation of the SS&C GlobeOp Performance Index to many popular equity market indices has been approximately 25 percent to 30 percent.
This is substantially lower than the equivalent correlation of other widely followed hedge fund performance indices.
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