Hedge fund performance and inflows strengthened into year-end, according to the latest SS&C GlobeOp indices, with the firm reporting a 1.22% gross return for November and continued positive capital movements in December.
SS&C Technologies said its SS&C GlobeOp Hedge Fund Performance Index advanced 1.22% in November, offering an early snapshot of sector-wide gains across funds administered on its platform. Meanwhile, the SS&C GlobeOp Capital Movement Index, which tracks net subscriptions and redemptions, rose 0.43% in December, marking a full year of steady positive inflows.
Bill Stone, SS&C’s chairman and CEO, said the data underscored the resilience of hedge fund allocations in a year marked by a new US tariff regime, widening fiscal deficits, elevated equity valuations and the longest US government shutdown on record. Despite those market strains, he said hedge funds continued to deliver “attractive, uncorrelated risk-adjusted returns.”
The performance index, launched in 2006, provides an asset-weighted measure of hedge fund returns and is designed to avoid strategy concentration or survivorship bias. SS&C noted that the index typically shows a 25%–30% correlation to major equity benchmarks, significantly below other widely followed industry indices.
The capital movement index, which reflects actual subscription and redemption activity across SS&C-administered funds, increased to 128.52 in December, up 0.43 points from November and 3.15 points higher than a year earlier. The next update is scheduled for 14 January 2026.
