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Hedge fund performance up, inflows down according to SS&C GlobeOp

Thursday, October 11, 2012

Bill Stone
Opalesque Industry Update - The gross return of the SS&C GlobeOp Hedge Fund Performance Index for September, 2012 measured 1.11%.

The SS&C GlobeOp Hedge Fund Performance Index is an asset-weighted, independent monthly window on hedge fund performance. On the ninth business day of each month it provides a flash estimate of the gross aggregate performance of funds for which SS&C GlobeOp provides monthly administration services on the GlobeOp platform. Interim and final values, both gross and net, are provided in each of the two following months, respectively. Online data can be segmented by gross and net performance, and by time periods. The SS&C GlobeOp Hedge Fund Performance Index is transparent, consistent in data processing, and free from selection or survivorship bias. Its inception date is January 1, 2006.

The SS&C GlobeOp Hedge Fund Performance Index offers a unique reflection of the return on capital invested in funds. It does not overstate exposure to, or the contribution of, any single strategy to aggregate hedge fund performance. Since its inception, the correlation of the SS&C GlobeOp Performance Index to many popular equity market indices has been approximately 25% to 30%. This is substantially lower than the equivalent correlation of other widely followed hedge fund performance indices.

SS&C GlobeOp Capital Movement Index

Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index declined 0.67% in October.

"Inflows have remained steady, while outflows have spiked in line with quarter-end rebalancing," said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies.

The SS&C GlobeOp Capital Movement Index represents the monthly net of hedge fund subscriptions and redemptions administered by SS&C GlobeOp on the GlobeOp platform. This monthly net is divided by the total assets under administration (AuA) for fund administration clients on the GlobeOp platform.

Cumulatively, the SS&C GlobeOp Capital Movement Index for October 2012 stands at 148.50 points, a decrease of 0.67 points over September 2012. The Index has advanced 11.05 points over the past 12 months. The next publication date is November 13, 2012.

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