SS&C GlobeOp: Hedge Fund Performance Index Down -0.40% In November

Dec 15 2017 | 8:24pm ET

Hedge fund performance slipped in November after several consecutive months of positive returns, according to new data from SS&C GlobeOp, while net asset flows also took a breather.

The company’s widely-followed SS&C GlobeOp Hedge Fund Performance Index returned -0.40% in November, according to the company. The asset-weighted index flashes a monthly estimate of the gross aggregate performance of funds for which SS&C GlobeOp provides monthly administration services on its platform.

Meanwhile, the December reading of SS&C GlobeOp’s Capital Movement Index declined -0.18% for the period. Similar to its performance-focused counterpart, the index tracks monthly net hedge fund subscriptions and redemptions administered by SS&C GlobeOp on the company’s platform, divided by the total assets under administration.

“SS&C GlobeOp’s Capital Movement Index showed a net outflow for December 2017 of -0.18%,” said Bill Stone, CEO of SS&C Technologies, in a statement. “On a year-over-year basis, this compares to net inflows for December 2016 of 0.21%. December net flows have been close to zero in recent years, so this result was within the range of expectations for the month.  For the full year 2017, capital movements improved from 2016 by 0.81%.”

Windsor, CT-based SS&C’s clients represent about 10% of assets invested in the hedge fund sector. Founded in 1986, the company provides investment and financial software-enabled services to more than 10,000 financial services organizations that manage an aggregate $44 trillion in assets.

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