Hedge funds posted a 0.25% return in October according to the performance of the SS&C GlobeOp Hedge Fund Performance, while the SS&C GlobeOp Capital Movement Index recorded net inflows of 1.02% in November, signalling sustained investor confidence.
Bill Stone, CEO of SS&C Technologies, noted the positive investor sentiment reflected in the recent net inflows. “Investors are actively increasing hedge fund allocations, which can provide attractive, risk-adjusted returns that remain less correlated with broad market trends,” said Bill Stone, CEO of SS&C Technologies. “This uncorrelated nature offers a hedge against heightened market volatility.”
The SS&C GlobeOp Hedge Fund Performance Index, which tracks gross returns across hedge funds under SS&C’s administration, provides a monthly gauge of hedge fund performance. Designed to capture returns without overemphasising any single strategy, the Index has historically shown a low correlation of 25%-30% with popular equity indices, underscoring its unique portfolio diversification value.
Similarly, the SS&C GlobeOp Capital Movement Index measures the net of hedge fund subscriptions and redemptions. For November 2024, the Index reached 125.16 points, reflecting a 1.02-point increase from October. However, the cumulative index has seen a 2.74-point decrease over the past year.
