The gross return of the SS&C GlobeOp Hedge Fund Performance Index for May 2017 measured -0.13%. Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index advanced 1.24% in June.
“SS&C GlobeOp's Capital Movement Index for June 2017 rose 1.24%, a strong improvement in net flows from the -0.07% reported a year ago for June 2016,” said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. “This very favorable result reflects a marked increase in capital inflows, as well as better asset retention. If this increased rate of capital inflows proves sustainable, and redemptions continue to moderate, the hedge fund industry should see an acceleration in asset growth.”