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Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index advanced 0.33% in June.

"SS&C GlobeOp's Capital Movement Index for June 2020 of 0.33% indicates positive net flows into funds. On a comparative basis, the 0.33% represents somewhat higher year-over-year net flows versus the 0.20% reported a year ago," said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. "Monthly net flows have been positive since February 2020 and are running ahead of the comparable period 2019 net flows for both the year and quarter to date."

The SS&C GlobeOp Hedge Fund Performance Index is an asset-weighted, independent monthly window on hedge fund performance.

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.

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 June 2020 stands at 131.38 points, an increase of 0.33 points over May 2020. The Index has declined 1.77 points over the past 12 months. The next publication date is July 14, 2020.