Opalesque Industry Update: The SS&C GlobeOp Hedge Fund Performance Index for May reported a return of 0.77%, a gross year to date return of 7.14%, with the Capital Movement Index showing a June net inflow figure of 1.17%. “Net inflows increased for the month of June, with subscriptions outpacing redemptions 2 to 1," said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies.|
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. Total assets under administration on the GlobeOp platform represent approximately 10% of the estimated assets currently invested in the hedge fund sector.