GlobeOp Financial Services said its Capital Movement Index for June showed net inflows advance 1.60%. The data highlights the continuation of solid net flows into hedge funds.
GlobeOps data represents approximately 10% of the hedge fund industry, with $187 billion in Assets under Administration.
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 June 2012 stands at 147.64 points, an increase of 1.60 points over May 2012. The Index has advanced 13.58 points over the past 12 months. The next publication date is July 11, 2012.”Solid net flows into hedge funds continued in June,” said Hans Hufschmid, CEO, GlobeOp Financial Services.
Published on the eighth business day of each month, the GlobeOp Capital Movement Index presents 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.
(JDC)