WINDSOR, Conn., Jan.
14, 2019 /PRNewswire/ -- The gross return of the SS&C
GlobeOp Hedge Fund Performance Index for December 2018 measured -1.35%.
Hedge fund flows as measured by the SS&C GlobeOp Capital
Movement Index declined 1.69% in January.
"SS&C GlobeOp's Capital Movement Index of -1.69% for
January 2019 reflects improved net
flows compared to the -1.74% reported for the same period a year
ago for January 2018," said
Bill Stone, Chairman and Chief
Executive Officer, SS&C Technologies. "January typically sees
negative net flows due to the normal seasonality. What is
noteworthy, though, is this marks the third consecutive month of
year-over-year improvement in our Capital Movement Index. The
year-over-year improvement corresponds almost exactly to the past
three months of elevated market volatility. We believe investors
continue to value hedge fund managers' ability to provide
attractive risk-adjusted returns, especially in volatile
markets."
SS&C GlobeOp Hedge Fund Performance Index
The SS&C GlobeOp Hedge Fund Performance Index is an
asset-weighted, independent monthly window on hedge fund
performance. On the ninth business day of each month it provides a
flash estimate of the gross aggregate performance of funds for
which SS&C GlobeOp provides monthly administration services on
the SS&C GlobeOp platform. Interim and final values, both gross
and net, are provided in each of the two following months,
respectively. Online data can be segmented by gross and net
performance, and by time periods. The SS&C GlobeOp Hedge Fund
Performance Index is transparent, consistent in data processing,
and free from selection or survivorship bias. Its inception
date is January 1, 2006.
The SS&C GlobeOp Hedge Fund Performance Index offers a
unique reflection of the return on capital invested in funds.
It does not overstate exposure to, or the contribution of, any
single strategy to aggregate hedge fund performance. Since its
inception, the correlation of the SS&C GlobeOp Performance
Index to many popular equity market indices has been approximately
25% to 30%. This is substantially lower than the equivalent
correlation of other widely followed hedge fund performance
indices.
SS&C GlobeOp Capital Movement Index
The SS&C GlobeOp Capital Movement Index represents the
monthly net of hedge fund subscriptions and redemptions
administered by SS&C GlobeOp on the SS&C GlobeOp platform.
This monthly net is divided by the total assets under
administration (AuA) for fund administration clients on
the SS&C GlobeOp platform.
Cumulatively, the SS&C GlobeOp Capital Movement Index for
January 2019 stands at 132.47 points,
a decrease of 1.69 points over December
2018. The Index has declined 2.88 points over the past 12
months. The next publication date is February 13, 2019.
Published on the ninth business day of each month, the SS&C
GlobeOp Capital Movement Index presents a timely and accurate view
of investments in hedge funds on the SS&C GlobeOp
administration platform. Data is based on actual subscriptions and
redemptions independently calculated and confirmed from real
capital movements, and published
only a few business days after they occur. Following the month of
its release, the Index may be updated for capital movements that
occurred after the fifth business day.
SS&C GlobeOp Hedge Fund Performance Index
Base
|
100 points on 31
December 2005
|
Flash estimate
(current month)
|
-1.35%*
|
Year-to-date
(YTD)
|
-0.33%*
|
Last 12 month
(LTM)
|
-0.33%*
|
Life to date
(LTD)
|
145.41%*
|
*All numbers reported
above are gross
|
|
SS&C GlobeOp Capital Movement Index
Base
|
100 points on 31
December 2005
|
All time
high
|
150.77 in September
2013
|
All time
low
|
99.67 in January
2006
|
12-month
high
|
136.71 in March
2018
|
12-month
low
|
132.47 in January
2019
|
Largest monthly
change
|
- 15.21 in January
2009
|
SS&C GlobeOp Forward Redemption Indicator
All time
high
|
19.27% in November
2008
|
All time
low
|
1.85% in January
2012
|
12-month
high
|
4.86% in December
2018
|
12-month
low
|
2.20% in January
2018
|
Largest monthly
change
|
9.60% in November
2008
|
About the SS&C GlobeOp Hedge Fund Index®
The SS&C GlobeOp Hedge Fund Index (the Index) is a family of
indices published by SS&C GlobeOp. A unique set of indices by a
hedge fund administrator, it offers clients, investors and the
overall market a welcome transparency on liquidity, investor
sentiment and performance. The Index is based on a significant
platform of diverse and representative assets.
The SS&C GlobeOp Hedge Fund Index is available at
www.sscglobeopindex.com or through a link on the homepage of
www.sscglobeop.com. Alert and RSS subscriber options are available
at www.sscglobeop.com. Index Twitter comments: #HFindex.
The SS&C GlobeOp Capital Movement Index and the
SS&C GlobeOp Forward Redemption Indicator provide monthly
reports based on actual and anticipated capital movement data
independently collected from all hedge fund clients for whom
SS&C GlobeOp provides administration services on the SS&C
GlobeOp platform.
The SS&C GlobeOp Hedge Fund Performance Index is an
asset-weighted benchmark of the aggregate performance of funds for
which SS&C GlobeOp provides monthly administration services on
the SS&C GlobeOp platform. Flash estimate, interim and final
values are provided, in each of three months respectively,
following each business month-end.
While individual fund data is anonymized by aggregation, the
SS&C GlobeOp Hedge Fund Index data will be based on the same
reconciled fund data that SS&C GlobeOp uses to produce fund net
asset values (NAV). Funds acquired through the acquisition of Citi
Alternative Investor Services are integrated into the index suite
starting with the January 2017
reporting periods. SS&C GlobeOp's total assets under
administration on the SS&C GlobeOp platform represent
approximately 10% of the estimated assets currently invested in the
hedge fund sector. The investment strategies of the funds in the
indices span a representative industry sample. Data for middle and
back office clients who are not fund administration clients is not
included in the Index, but is
included in the Company's results announcement figures.
About SS&C Technologies
SS&C is a global provider of investment and financial
software-enabled services and software for the global financial
services and healthcare industries. Founded in 1986, SS&C is
headquartered in Windsor,
Connecticut and has offices around the world. Some 13,000
financial services and healthcare organizations, from the world's
largest institutions to local firms, manage and account for their
investments using SS&C's products and services.
Additional information about SS&C (NASDAQ: SSNC) is
available at www.ssctech.com.
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SOURCE GlobeOp SS&C