Mixed results for SS&C 13 May 2015Connecticut Reporter: Stephen Durham
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The gross return of SS&C GlobeOp’s Hedge Fund Performance Index for April 2015 measured 0.34 percent, down from 1.30 percent in the previous month.
On a more positive note, hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index advanced 0.92 percent in May, up from a 1.14 percent decline in April.
“May 2015 saw the largest increase in the Capital Movement Index in the past 12 months, as inflows easily outpaced outflows. In fact, outflows were the lowest recorded since the index’s inception in 2006,” said Bill Stone, chairman and CEO of SS&C Technologies.
The Capital Movement Index represents the monthly net of hedge fund subscriptions and redemptions administered by SS&C GlobeOp.
This monthly net is divided by the total assets under administration for fund administration clients on the SS&C GlobeOp platform.
The Capital Movement Index has declined 2.24 points over the past 12 months, with the next publication date set at 11 June 2015.
SS&C GlobeOp’s data represents approximately 10 percent of the hedge fund industry.
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