SS&C GlobeOp Hedge Fund Performance Index and Capital Movement Index
Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index advanced 0.64% in September.
"SS&C GlobeOp's Capital Movement Index for September 2015 showed a gain of 0.64%, very much in line with August's 0.71% gain as well as the 0.55% reported a year ago for September of 2014," said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. "Comparisons for both the inflow and outflow components of the index were also very steady. Given the ongoing turmoil in global markets, this indicates that investors are confident the hedge fund industry can deliver attractive returns in times of increased volatility."
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.
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