The gross return of the SS&C GlobeOp Hedge Fund Performance Index for June 2019 measured 1.67 per cent.
Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index declined 1.28 per cent in July.
"Given that the month of July typically produces net outflows, SS&C GlobeOp's Capital Movement Index of -1.28 per cent for July 2019 should be viewed as a favourable result. For example, on a year-over-year basis, the -1.28 per cent reported for July 2019 is markedly better than the -1.92 per cent reported for the same period a year ago for July 2018, and in fact, represents the lowest net outflows for any calendar month of July in the past six years," says Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. "This strong reading shows investor confidence in hedge fund managers' ability to produce attractive returns in the face of uncertainties in market direction, trade and central banking policies."
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