WINDSOR, CT - 11 JULY 2012 Hedge fund flows as measured by the GlobeOp Capital Movement Index were negative 1.17% in July.
" July flows again reflected quarterly re-allocations by investors. While outflows exceeded inflows for the month, the outflow is very much in line with prior quarter ends." said Hans Hufschmid, chief executive officer, GlobeOp Financial Services.
The GlobeOp Capital Movement Index represents the monthly net of hedge fund subscriptions and redemptions administered by GlobeOp. This monthly net is divided by the total assets under administration (AuA) for GlobeOp's fund administration clients.
Cumulatively, the GlobeOp Capital Movement Index for July 2012 stands at 146.53 points, a decrease of 1.17 points over June 2012. The Index has advanced 12.58 points over the past 12 months. The next publication date is August 10, 2012.
Published on the eighth business day of each month, the GlobeOp Capital Movement Index presents a timely and accurate view of investments in hedge funds on the 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.
About SS&C Technologies
SS&C is a global provider of investment and financial software-enabled services and software focused exclusively on the global financial services industry. Founded in 1986, SS&C has its headquarters in Windsor, Connecticut and offices around the world. 5,500 financial services organizations, from the worlds' largest to local financial services organizations, manage and account for their investments using SS&C's products and services. These clients in the aggregate manage over $16 trillion in assets.
On May 31, 2012 the offer for GlobeOp Financial Services by SS&C Technologies (NASDAQ: SSNC) was declared unconditional.
Additional information about SS&C (Nasdaq:SSNC) is available at www.ssctech.com.
For more information
Chief Financial Officer
About the GlobeOp Hedge Fund Index®
The GlobeOp Hedge Fund Index (the Index) is a family of indices published by GlobeOp Financial Services. 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 GlobeOp Hedge Fund Index is available at www.globeopindex.com or through a link on the homepage of www.globeop.com. Alert and RSS subscriber options are available at www.globeop.com. Index Twitter comments: #HFindex.
The GlobeOp Capital Movement Index and the GlobeOp Forward Redemption Indicator provide monthly reports based on actual and anticipated capital movement data independently collected from all hedge fund clients for whom GlobeOp provides administration services.
The GlobeOp Hedge Fund Performance Index is an asset-weighted benchmark of the aggregate performance of funds for which GlobeOp provides monthly administration services. 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 GlobeOp Hedge Fund Index data will be based on the same reconciled fund data that GlobeOp uses to produce fund net asset values (NAV). GlobeOp's total assets under administration 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.
GlobeOp Capital Movement Index
|Base||100 points on 31 December 2005|
|All time high||147.70 in June 2012|
|All time low||99.67 in January 2006|
|12-month high||147.70 in June 2012|
|12-month low||134.75 in August 2011|
|Largest monthly change||- 15.21 in January 2009|
GlobeOp Forward Redemption Indicator
|All time high||19.27% in November 2008|
|All time low||1.85% in January 2012|
|12-month high||4.58% in December 2011|
|12-month low||1.85% in January 2012|
|Largest monthly change||9.60% in November 2008|
GlobeOp, GlobeOp Hedge Fund Index and the GlobeOp "G" are trade or service marks of GlobeOp and its affiliates.
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