SS&C: Hedge Funds Return +1.16% In April
Fund administrator SS&C GlobeOp published its April hedge fund index returns data today; the index was up +0.16% for a year-to-date of +2.19%.
The firm also announced its Capital Movement Index results. The 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.
"SS&C GlobeOp's Capital Movement Index showed a gain of 0.46% for May 2018, identical to the gain reported for same period a year ago for May 2017. Both May and year-to-date capital movements have been remarkably consistent with last year's very favourable results," said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. "We believe this demonstrates investor confidence in hedge fund managers' ability to deliver superior risk-adjusted returns, especially in volatile markets like we've seen this year."