Hedge fund flows stable in volatile markets

IndicesHedge fund flows advanced slightly in March as investors looked to confront volatility caused by market uncertainty, says SS&C GlobeOp, a hedge fund administrator.

Its Capital Movement Index, which measures net redemptions of hedge funds on SS&C GlobeOp’s administration platform, rose 0.66% – up from February’s figure of 0.63%.

According to Bill Stone, chairman and chief executive officer at SS&C Technologies, this steady performance highlights the appetite for alternative investments in volatile markets.

This volatility includes uncertainty of central bank policy direction, the EU response to Greece, and the impact of sharply lower oil prices, according to Stone.

The index represents about 10% of the hedge fund market, SS&C GlobeOp says.

However, though the index has been advancing in small increments since the start of the year, over the last 12 months the index declined 1.45 points to 147.61.

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