SS&C GlobeOp: Hedge Fund Performance Index Down -0.88% in February

Mar 13 2018 | 12:06pm ET

Hedge fund performance falls in February, according to new data from SS&C GlobeOp.

The gross return of the SS&C GlobeOp Hedge Fund Performance Index February 2018 measured -0.88%, according to the company. The asset-weighted index flashes a monthly estimate of the gross aggregate performance of funds for which SS&C GlobeOp provides monthly administration services on its platform.

At the same time, Hedge fund flows, as measured by the SS&C GlobeOp Capital Movement Index, advance 0.42% in March. Similar to its performance-focused counterpart, the index tracks monthly net hedge fund subscriptions and redemptions administered by SS&C GlobeOp on the company’s platform, divided by the total assets under administration

“SS&C GlobeOp’s Capital Movement Index gained 0.42% for March 2018, somewhat lower than the 0.63% gain reported for the same period a year ago, but well within the recent range of variation,” said Bill Stone, chairman and CEO of SS&C Technologies. “I would note year to date net inflows are running 1.80% better than the same period a year ago, leading the industry to a strong start in 2018.”

Windsor, CT-based SS&C’s clients represent about 10% of assets invested in the hedge fund sector. Founded in 1986, the company provides investment and financial software-enabled services to more than 10,000 financial services organizations that manage an aggregate $44 trillion in assets.

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