GlobeOp Financial Services has announced that its Capital Movement Index was positive by 1.36% in June.
This brings the Capital Movement Index to 133.84 points, and demonstrates that investors remain committed to hedge funds despite volatility in many markets.
GlobeOp administers $167 billion of assets, which represents approximately 8-10% of the total global hedge fund industry.
“Investors remain committed to hedge funds despite volatility in many markets, said Hans Hufschmid, chief executive officer, GlobeOp Financial Services.
The GlobeOp Capital Movement Index represents the monthly net of subscriptions to and redemptions from hedge funds administered by GlobeOp, divided by the total assets under administration (AuA) for GlobeOps fund administration clients. Subscriptions were greater than redemptions for the month of May.
Cumulatively, the GlobeOp Capital Movement Index for June 2011 stands at 133.84 points, an increase of 1.36 points over May 2011. The Index was based at 100 on December 31, 2005 and has advanced 16.02 points over the past 12 months. The next publication date is July 12, 2011.
(LB)