Press release
SS&C GlobeOp Hedge Fund Performance Index: July performance 0.42%; Capital Movement Index: August net flows advance 0.38%
WINDSOR, Conn., Aug. 13, 2019 /PRNewswire/ -- The gross return of the SS&C GlobeOp Hedge Fund Performance Index for July 2019 measured 0.42%. Hedge fund
About this update from Ss&c Technologies Holdings, Inc.
[{"type":"text","content":"WINDSOR, Conn., Aug. 13, 2019 /PRNewswire/ -- The gross return of the SS&C GlobeOp Hedge Fund Performance Index for July 2019 measured 0.42%.\nHedge fund flows as measured by the SS&C GlobeOp Capital Movement Index advanced 0.38% in August.\n\"SS&C GlobeOp's Capital Movement Index for August 2019 was 0.38%, reflecting increased net inflows compared to 0.21% net inflows for the same period a year ago,\" said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. \"The hedge fund sector's ability to attract and retain assets in the current highly volatile market environment is truly impressive.\"\nSS&C GlobeOp Hedge Fund Performance Index\nThe SS&C GlobeOp 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 on the SS&C GlobeOp platform. Interim and final values, both gross and net, are provided in each of the two following months, respectively. Online data can be segmented by gross and net performance, and by time periods. The SS&C GlobeOp Hedge Fund Performance Index is transparent, consistent in data processing, and free from selection or survivorship bias. Its inception date is January 1, 2006.\nThe SS&C GlobeOp Hedge Fund Performance Index offers a unique reflection of the return on capital invested in funds. It does not overstate exposure to, or the contribution of, any single strategy to aggregate hedge fund performance. Since its inception, the correlation of the SS&C GlobeOp Performance Index to many popular equity market indices has been approximately 25% to 30%. This is substantially lower than the equivalent correlation of other widely followed hedge fund performance indices.\nSS&C GlobeOp Capital Movement Index\nThe SS&C GlobeOp Capital Movement Index represents the monthly net of hedge fund subscriptions and redemptions administered by SS&C GlobeOp on the SS&C GlobeOp platform. This monthly net is divided by the total assets under administration (AuA) for fund administration clients on the SS&C GlobeOp platform.\nCumulatively, the SS&C GlobeOp Capital Movement Index for August 2019 stands at 132.02 points, an in...