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SS&C GlobeOp Hedge Fund Performance Index down -0.65% in June (+6.74% YTD)

Tuesday, July 14, 2015
Opalesque Industry Update - The gross return of the SS&C GlobeOp Hedge Fund Performance Index for June 2015 measured -0.65%.

Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index declined 2.71% in July.

“In terms of seasonality, July is typically a month that sees net outflows,” said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. “SS&C GlobeOp’s CMI showed a -2.71% change for July 2015, indicating a somewhat higher level of net outflows compared to -2.00% a year ago. This increase in net outflows most likely reflects concern over building economic pressures, particularly in Greece and China. It’s noteworthy that the change in net outflows year over year was driven entirely by a decrease in new investments rather than higher redemptions, suggesting investors are maintaining their positions amid the uncertainty.”

SS&C GlobeOp Hedge Fund Performance Index

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 SS&C 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

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

Cumulatively, the SS&C GlobeOp Capital Movement Index for July 2015 stands at 144.76 points, a decrease of 2.71 points over June 2015. The Index has declined 3.67 points over the past 12 months. The next publication date is August 13, 2015.

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