New York (HedgeCo.net) – After a tough year in 2015, the hedge fund industry was probably expecting outflows in January, but that is a seasonal trend any way. As investors rebalance portfolios and change their allocations, hedge funds usually see outflows during the month of January. However, the most recent report from the SS&C GlobeOp Capital Movement Index showed that the outflows weren’t as bad in January 2016 as they were in January 2015.

The index shows an outflow rate of 2.77% which compares favorably to the 3.28% seen in 2015.
From the company’s press release:
“January typically sees the highest outflows of any month as investor rebalancing occurs,” said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. “This seasonality can be seen in SS&C GlobeOp’s Capital Movement Index for January 2016 which came in at -2.77% following a gain of 0.75% for December 2015. In terms of the year-over-year comparison, the -2.77% for January 2016 is an improvement over -3.28% for January 2015 , a favorable result particularly in view of recent market turmoil.”

In addition to the movement index, the company released the recent results for the SS&C GlobeOp Hedge Fund Performance Index for December and it showed a decline of 0.34%.

Rick Pendergraft
Research Analyst
HedgeCoVest