Hedge fund flows advanced 0.35% in April, according to GlobeOps Capital Movement Index, which measures subscriptions and redemptions in the hedge fund industry.
“Outflows tend to be seasonally higher at quarter ends as investors rebalance their portfolios,” says Hans Hufschmid, CEO of GlobeOp Financial Services. “Despite this, net flows for April were slightly positive.”
The GlobeOp Capital Movement Index represents the monthly net of hedge fund subscriptions and redemptions administered by GlobeOp divided by the total assets under administration for GlobeOp’s fund administration clients. The index stands at 144.94 points, 0.35 points higher than in March and 14.72 points year on year.
Data from Eurekahedge earlier this month showed a slightly negative March for the hedge fund industry, although it said hedge funds for the first quarter overall had their best quarter in nearly three years. Assets in hedge funds reached $1.76 trillion in the first quarter, Eurekahedge says.
SS&C made a 572 million (approximately $906 million) offer to buy GlobeOp last month, trumping a previous offer by private equity firm TPG of 508 million (approximately $805 million). Shareholders of GlobeOp must approve the deal before it advances.
(CG)