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Alternative Market Briefing

SS&C GlobeOp: October setback for hedge funds, but capital keeps flowing in

Thursday, November 12, 2026

Matthias Knab, Opalesque:

Hedge funds administered by SS&C GlobeOp lost 2.18% gross in October 2026, according to the flash estimate of the SS&C GlobeOp Hedge Fund Performance Index, while net capital flows continued to move into the industry.

The October setback trims, but does not erase, a solid year: the index is up 5.73% year-to-date and 8.31% over the last 12 months. Since its base of 100 points on December 31, 2005, it has returned 367.62% gross.

Inflows extend their positive run

The SS&C GlobeOp Capital Movement Index rose 0.52% in November 2026, bringing it to 133.32 points. That is up 0.52 points from October and 5.23 points over the past 12 months, and marks a new 12-month high. The 12-month low of 127.76 was recorded in January 2026.

The index remains below its all-time high of 150.77, reached in September 2013. Its all-time low was 99.67 in January 2006, and its largest monthly move was a 15.21-point drop in January 2009.

On the redemption side, the SS&C GlobeOp Forward Redemption Indicator hit an all-time low of 1.26% in April 2026, which is also its 12-month low. Its 12-month high was 2.43% in November 2025. By comparison, the indicator peaked at 19.27% in November 2008, during the financial crisis. The release does not state the current month's reading.

Midterms in focus

Bill Stone, Chairman and CEO of SS&C Technologies, said hedge fund inflows "continued their positive trend in 2026." He noted that investors are now digesting the results of the US midterm elections, which could shift economic priorities, foreign policy and market sentiment, and said that in volatile periods hedge funds can provide uncorrelated returns that support portfolio diversification.

About the indices

The SS&C GlobeOp Hedge Fund Performance Index is an asset-weighted monthly measure of the aggregate gross and net performance of funds administered by SS&C GlobeOp, with an inception date of January 1, 2006. A flash estimate is published on the ninth business day of each month, followed by interim and final values in later months. According to SS&C, the index has a correlation of roughly 25% to 30% with popular equity indices, substantially lower than comparable hedge fund indices.

The Capital Movement Index measures monthly net subscriptions and redemptions as a share of total assets under administration on the platform. The Forward Redemption Indicator is based on anticipated capital movements reported by administration clients. SS&C GlobeOp's platform represents about 10% of estimated hedge fund sector assets, and funds acquired from Citi Alternative Investor Services have been included since January 2017.

The next data release is scheduled for December 11, 2026.

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