Hedge funds gained ground in June even as investor inflows slowed in July, according to the latest data from SS&C GlobeOp, which tracks fund performance and capital movements across its sizeable hedge fund administration platform.
The SS&C GlobeOp Hedge Fund Performance Index posted a 1.40% gross return in June 2025, continuing a strong run for hedge funds navigating volatile markets.
However, the Capital Movement Index – a measure of net subscriptions and redemptions – slipped 0.05% in July, ending a five-month streak of net inflows. The slight pullback was attributed to routine quarterly rebalancing rather than a directional shift in sentiment.
“After five consecutive positive months of inflows, July’s modest decline reflects more typical seasonal adjustments,” said Bill Stone, Chairman and CEO of SS&C Technologies. “With persistent market volatility driven by rising fiscal deficits and shifting tariff policies, we expect hedge fund managers to remain a key tool for alpha, diversification, and risk-adjusted returns.”
The SS&C GlobeOp indices are based on actual fund flows and reconciled NAVs across its hedge fund administration platform, which accounts for roughly 10% of global hedge fund AUM. The data, free from survivorship or selection bias, provides a timely snapshot of industry performance and investor behaviour.
As of July, the Capital Movement Index stood at 126.35, up 2.29 points year-over-year. The next update is scheduled for August 13, 2025
The performance data suggests hedge funds are holding up well amid macro headwinds, but allocators may be adopting a more cautious posture heading into Q3.
