The gross return of the SS&C GlobeOp Hedge Fund Performance Index for June 2015 measured 0.65 percent, while hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index (CMI) declined 2.71 percent in July.
“In terms of seasonality, July is typically a month that sees net outflows,” said Bill Stone, chairman and CEO of SS&C Technologies.
“SS&C GlobeOp’s CMI showed a -2.71 percent change for July 2015, indicating a somewhat higher level of net outflows compared to -2.00 percent a year ago. This increase in net outflows most likely reflects concern over building economic pressures, particularly in Greece and China.”
Stone claimed that the change in net outflows year-over-year was driven entirely by a decrease in new investments rather than higher redemptions, suggesting investors are maintaining their positions amid the uncertainty.
Cumulatively, the SS&C GlobeOp CMI for July 2015 stands at 144.76 points, having declined 3.67 points over the past 12 months.
