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SS&C GlobeOp Hedge Fund Performance Index up 2.51% in June

Wednesday, July 15, 2020
Opalesque Industry Update - The gross return of the SS&C GlobeOp Hedge Fund Performance Index for June 2020 measured 2.51%.

Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index declined 1.10% in July.

"SS&C GlobeOp's Capital Movement Index was -1.10% for July 2020, indicating net outflows from funds, as is typical for the month based on normal seasonal patterns," said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies.

Bill added: "Taking seasonality into account, -1.10% reported for the month is actually quite favorable. Improving on a year-over-year basis from the -1.51% net outflows reported for July 2019 and representing the lowest net outflows for any calendar month of July since 2013. This most recent data point adds to the generally stable trend we see in hedge fund asset retention amid the COVID19 outbreak."

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.

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 2020 stands at 130.30 points, a decrease of 1.10 points over June 2020. The Index has declined 1.34 points over the past 12 months. The next publication date is August 13, 2020.

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