Hedge fund flows as measured by the GlobeOp Capital Movement Index were dropped 0.2% in July.
“July flows again reflected quarterly reallocations by investors, says Hans Hufschmid, chief executive officer of GlobeOp Financial Services (LSE:GO). Outflows slightly exceeded inflows for the month, while total outflows have been remarkably similar on the last four quarterly dates.
The GlobeOp Capital Movement Index represents the monthly net of subscriptions and redemptions administered by GlobeOp. This monthly net is divided by the total AuA for GlobeOps fund administration clients.
Cumulatively, the GlobeOp Capital Movement Index for this month stands at 133.86 points, a decrease of 0.2 points over June. The Index was based at 100 on Dec. 31, 2005, and has advanced 16.04 points over the past 12 months. The next publication date is August 10.
The GlobeOp Capital Movement Index, which is published on the eighth day of each month, 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.
(CM)