Opalesque Industry Update - The gross return of the SS&C GlobeOp Hedge Fund Performance Index for June 2019 measured 1.67%. Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index declined 1.28% in July. "Given that the month of July typically produces net outflows, SS&C GlobeOp's Capital Movement Index of -1.28% for July 2019 should be viewed as a favorable result," said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. Bill added: "For example, on a year-over-year basis, the -1.28% reported for July 2019 is markedly better than the -1.92% reported for the same period a year ago for July 2018, and in fact, represents the lowest net outflows for any calendar month of July in the past six years." "This strong reading shows investor confidence in hedge fund managers' ability to produce attractive returns in the face of uncertainties in market direction, trade and central banking policies," he said. The SS&C GlobeOp Hedge Fund Performance Index is an asset-weighted, independent monthly window on hedge fund performance. Article source - Opalesque is not responsible for the content of external internet sites |
Industry Updates
SS&C GlobeOp Hedge Fund Performance Index up 1.67% in June
Friday, July 12, 2019
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