Hedge funds returns measured by 0.42% in January, according to the gross return of the SS&C GlobeOp Hedge Fund Performance Index for the month. Hedge fund flows, meanwhile, as measured by the SS&C GlobeOp Capital Movement Index, advanced 0.08% in February.
In a press statement, Bill Stone, Chairman and Chief Executive Officer at SS&C Technologies, said: “SS&C GlobeOp’s Capital Movement Index for February 2024 shows net flow growth of 0.08% into hedge funds. February’s activity has been quiet and marks only the second month of net positive flows over the prior six months.
“Consistently higher interest rates, along with monetary and macro-economic uncertainty, continue to weigh on net hedge fund inflows as investors appear to stay overweight cash.”
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.
The 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. Cumulatively, the SS&C GlobeOp Capital Movement Index for February 2024 stands at 124.69 points, an increase of 0.08 points over January 2024. The index has declined 5.71 points over the past 12 months.
