The gross return of the SS&C GlobeOp Hedge Fund Performance Index for April 2013 measured 1.44 per cent.
Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index advanced 0.63 per cent in May.
“Subscriptions outpaced redemptions for the month of May, whereas capital activity volume was generally down from prior month levels,” says Bill Stone, chairman and chief executive officer, SS&C Technologies.
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 GlobeOp platform. Interim and final values, both gross and net, are provided in each of the two following months, respectively.
The SS&C GlobeOp Capital Movement Index represents the monthly net of hedge fund subscriptions and redemptions administered by SS&C GlobeOp on the GlobeOp platform. This monthly net is divided by the total assets under administration (AuA) for fund administration clients on the GlobeOp platform.
Cumulatively, the SS&C GlobeOp Capital Movement Index for May 2013 stands at 149.02 points, an increase of 0.63 points over April 2013. The index has advanced 2.98 points over the past 12 months. The next publication date is 13 June 2013.