Hedge Funds Post 3.26% June Gain; Inflows Hit Six Months
SS&C GlobeOp said its Hedge Fund Performance Index returned 3.26% in June, while its Capital Movement Index showed 0.25% net inflows in July, the sixth straight month of positive flows.
Hedge funds posted a gross return of 3.26% in June and recorded net inflows of 0.25% in July across funds administered on SS&C GlobeOp’s platform, the firm reported.
The SS&C GlobeOp Hedge Fund Performance Index calculated the 3.26% June return using an asset-weighted sample of funds administered on its platform. The firm’s Capital Movement Index rose to 131.49 in July, up 0.25 points from June and 5.13 points higher than a year earlier. July has historically seen net outflows as institutional investors carry out quarterly portfolio rebalancing and asset-allocation adjustments.
SS&C GlobeOp described the monthly figures as early estimates ahead of final returns published later. The firm noted the performance index has exhibited a roughly 25% to 30% correlation with major equity indices.
Bill Stone, chairman and CEO of SS&C Technologies, commented: “Despite ongoing conflicts and global market turbulence, investors continue to view hedge funds as a durable strategy offering steadier, less correlated returns.”
The data cover activity for funds administered on SS&C GlobeOp’s platform and do not represent the entire hedge fund industry.
Articles by this author
