(Fin Alternatives) Hedge funds gained ground for the third consecutive month in May, according to new data from SS&C GlobeOp’s Hedge Fund Performance Index. The measure returned 1.26% during the month, following 1.19% in April and 0.90% in March. It was down sharply in January and February.
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.
Meanwhile, the June reading of SS&C GlobeOp’s Capital Movement Index, which measures hedge fund flows, advanced a slight 0.03%. Similar to its performance-focused counterpart, the index tracks monthly hedge fund subscriptions and redemptions administered by SS&C GlobeOp on the company’s platform, divided by the total assets under administration.
