Hedge funds posted a 1.42% gross return in October, according to the Hedge Fund Performance Index from SS&C GlobeOp, one of the industry’s largest administrators, servicing funds representing roughly 10% of global hedge fund assets.
The data provider also reported continued investor confidence, with the SS&C GlobeOp Capital Movement Index up 0.6% in November, signalling net inflows for the month.
“Market sentiment continues to be influenced by equity valuations, tariffs and interest rate expectations,” said Bill Stone, SS&C Technologies’ chairman and CEO. “Fund flow trends suggest investors remain confident in hedge fund managers’ ability to deliver attractive risk-adjusted returns amid ongoing market volatility.”
The Capital Movement Index — which tracks monthly net subscriptions and redemptions across funds administered on the SS&C GlobeOp platform — now stands at 128.09, up 0.6 points from October and 2.94 points higher over the past 12 months. The next update is scheduled for 11 December.
The Performance Index, an asset-weighted snapshot of aggregated hedge fund returns, is published each month based on data from clients that receive SS&C GlobeOp’s administration services. SS&C says the index is designed to avoid selection and survivorship bias and typically shows a 25–30% correlation to major equity benchmarks — far lower than many other hedge fund indices.
SS&C GlobeOp’s index suite also includes the Forward Redemption Indicator, which tracks anticipated withdrawals based on investor notices.
