Hedge funds advanced 1.83 per cent in July, according to the gross return of the SS&C GlobeOp Hedge Fund Performance Index.
Hedge fund flows, meanwhile, as measured by the SS&C GlobeOp Capital Movement Index, advanced 0.69 per cent in August.
"SS&C GlobeOp's Capital Movement Index rose 0.69 per cent for August, a result in line with seasonal patterns and almost identical to the year ago figure of 0.71 per cent reported for August of 2015," says Bill Stone (pictured), chairman and chief executive officer, SS&C Technologies. "The 0.69 per cent gain reported this month was the net of both slightly lower inflows and outflows compared to a year ago. Overall, August represents a continuation of the trends seen so far in 2016 with respect to capital movements."
The 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.
