Hans Hufschmid Opalesque Industry Update - Hedge fund flows as measured by the GlobeOp Capital Movement Index advanced 2.05% in November.
“Subscriptions this month are consistent with this year’s average, while the positive net flow primarily reflects low redemptions for November,” said Hans Hufschmid, chief executive officer, GlobeOp Financial Services. “November outflows measured 0.72%, the lowest for November year-on-year since Index records began in 2006.”
The GlobeOp Capital Movement Index represents the monthly net of hedge fund subscriptions and redemptions administered by GlobeOp. This monthly net is divided by the total assets under administration (AuA) for GlobeOp's fund administration clients.
Cumulatively, the GlobeOp Capital Movement Index for November 2011 stands at 139.50 points, an increase of 2.05 points over October 2011. The Index has advanced 14.35 points over the past 12 months. The next publication date is December 12, 2011.
GlobeOp Financial Services is an independent administrator of middle and back office services, integrated risk reporting and portfolio analytics for hedge funds, managed accounts and fund of funds. Our expertise further extends to family wealth offices, insurance companies, pension funds, corporate treasuries and private/regional banks. By outsourcing to GlobeOp, clients can reduce their technology investments and operational risks, while increasing their focus on asset generation and portfolio management. Established in 2000, GlobeOp serves approximately 200 clients worldwide, representing $171 billion in assets under administration. Headquartered in London and New York, GlobeOp employs over 2,000 people on three continents through its 10 offices in the Cayman Islands, India, Ireland, the UK and US. www.globeop.com