Hedge funds lost 0.46% in March according to the gross return of SS&C Technologies’ GlobeOp Hedge Fund Performance Index for the month. Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index meanwhile, declined 0.56% in April.
“SS&C GlobeOp’s Capital Movement Index for April 2023 was -0.56%, consistent with quarterly asset allocation patterns,” said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies.
“The collapse of several US regional banks in March coupled with a Fed rate hike created a catalyst for higher market volatility. Hedge fund flows continue to be steady as they provide an attractive allocation alternative during periods of elevated global market volatility and drawdowns.”
