SS&C Technologies Says Investors Increase Hedge Fund bets in December
Following to the SS&C GlobeOp Capital Movement Index, which calculates monthly hedge fund subscriptions minus redemptions, investors' interest in hedge funds increased 0.43% in December to 149.57 points.
That compared with a rise of 0.67 percent in November.
"In
line with historical patterns, 2014 closes with positive net flows and
slightly higher activity for both subscriptions and redemptions," said
Bill Stone, chairman and CEO of SS&C Technologies.
The
index compiled by the fund administrator is based on data provided by
its clients and represents about 10 percent of assets invested in the
hedge fund sector globally.
Hedge
funds returns, as measured by the SS&C GlobeOp Hedge Fund
Performance Index, stood at 1.1 percent in November, the data showed.
Hedge funds typically allow investments or redemptions on a monthly or quarterly basis.
Source: Yahoo!7 News