Opalesque Industry Update - The gross return of the SS&C GlobeOp Hedge Fund Performance Index for May 2016 measured 1.26%. Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index advanced 0.03% in June. “SS&C GlobeOp’s Capital Movement Index showed a slight increase in June 2016, rising 0.03%. This was smaller than the 0.23% increase registered a year ago for June of 2015,” said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. “This drop is not particularly significant by itself because June is typically a month that shows subdued activity. In fact, both inflows and outflows for June 2016 were the smallest of any month of June since the index began in 2006. This indicates stability in investors’ overall allocations to hedge funds despite difficult market conditions.” |