Key Takeaways
- • Hedge funds administered on the SS&C GlobeOp platform posted a 0.31% decline in September 2026, according to the SS&C GlobeOp Hedge Fund Performance Index.
- • The SS&C GlobeOp Capital Movement Index fell 0.16 points to 132.94 in October, signalling net redemptions consistent with quarter-end portfolio rebalancing.
- • Despite the September drop, hedge funds remain up 8.27% year-to-date and 12.99% over the trailing 12 months on an asset-weighted basis.
- • The Capital Movement Index remains 5.45 points higher than a year earlier, indicating flows are still well above prior-year levels.
- • SS&C GlobeOp Chairman and CEO Bill Stone cited the US midterm elections, potential further interest rate increases, geopolitical tensions and volatile energy prices as risks into Q4 2026.
Summary
Hedge funds posted a 0.31% decline in September 2026, according to the latest SS&C GlobeOp Hedge Fund Performance Index. The decline came alongside a softening in investor capital flows: the SS&C GlobeOp Capital Movement Index, which tracks actual subscriptions and redemptions as a proportion of assets under administration, fell 0.16 points to 132.94 in October. The company attributed the net redemptions to quarter-end portfolio rebalancing.
Despite the September setback, the asset-weighted performance index shows hedge funds up 8.27% year-to-date and 12.99% over the past 12 months. The Capital Movement Index also remains 5.45 points above its level a year earlier, suggesting that the October outflows do not yet reverse the broader trend in investor allocations.
Bill Stone, Chairman and Chief Executive Officer of SS&C Technologies, said investors face several risks heading into the final quarter of 2026, including the US midterm elections, potential further interest rate increases, geopolitical tensions and volatile energy prices. Stone argued that hedge funds remain an attractive option for investors seeking to limit drawdowns and improve risk-adjusted returns during periods of market uncertainty.
The indices draw on SS&C GlobeOp's administration platform, which the firm says represents approximately 10% of estimated global hedge fund assets, covering a range of investment strategies. The Forward Redemption Indicator, which measures anticipated withdrawals, offers a forward-looking gauge of investor liquidity demand. The next Capital Movement Index update is scheduled for 12 November 2026.
Despite the September setback, the asset-weighted performance index shows hedge funds up 8.27% year-to-date and 12.99% over the past 12 months. The Capital Movement Index also remains 5.45 points above its level a year earlier, suggesting that the October outflows do not yet reverse the broader trend in investor allocations.
Bill Stone, Chairman and Chief Executive Officer of SS&C Technologies, said investors face several risks heading into the final quarter of 2026, including the US midterm elections, potential further interest rate increases, geopolitical tensions and volatile energy prices. Stone argued that hedge funds remain an attractive option for investors seeking to limit drawdowns and improve risk-adjusted returns during periods of market uncertainty.
The indices draw on SS&C GlobeOp's administration platform, which the firm says represents approximately 10% of estimated global hedge fund assets, covering a range of investment strategies. The Forward Redemption Indicator, which measures anticipated withdrawals, offers a forward-looking gauge of investor liquidity demand. The next Capital Movement Index update is scheduled for 12 November 2026.
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