The gross return of the SS&C GlobeOp Hedge Fund Performance Index for June 2015 measured -0.65 per cent, while hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index declined 2.71 per cent in July.
“In terms of seasonality, July is typically a month that sees net outflows,” says Bill Stone (pictured), Chairman and Chief Executive Officer, SS&C Technologies. “SS&C GlobeOp’s CMI showed a -2.71 per cent change for July 2015, indicating a somewhat higher level of net outflows compared to -2.00 per cent a year ago.
“This increase in net outflows most likely reflects concern over building economic pressures, particularly in Greece and China. It’s noteworthy that the change in net outflows year over year was driven entirely by a decrease in new investments rather than higher redemptions, suggesting investors are maintaining their positions amid the uncertainty.”
