Hedge fund flows declined 0.88% in January, according to the GlobeOp Capital Movement Index, which tracks approximately 10% of the hedge fund industry. Inflows were higher than in the previous 12 months, while outflows were the second lowest in seven years, GlobeOp data show.
In line with year-end portfolio rebalancing, January net capital flows were negative, says Hans Hufschmid, CEO of GlobeOp Financial Services. The net figures were therefore not unexpected.
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 January 2012 stands at 140.18 points, a decrease of 0.88 points over December 2011. The Index has advanced 12.89 points over the past 12 months.
(CG)