GlobeOp Hedge Fund Performance Index (3243D)
May 15 2012 - 2:00AM
UK Regulatory
TIDMGO.
RNS Number : 3243D
GlobeOp Financial Services S.A.
15 May 2012
GlobeOp Hedge Fund Performance Index: April performance
0.51%
LONDON, NEW YORK -15 MAY 2012 - The gross return of the GlobeOp
Hedge Fund Performance Index for April, 2012 measured 0.51%.
-- Current month, flash estimate 0.51%
-- Year-to-date (YTD) performance 3.66%
-- Last 12 month (LTM) performance 1.22%
-- Live to date (LTD) performance 64.52%
All numbers reported above are gross
"The GlobeOp Hedge Fund Performance Index was positive in
April," said Hans Hufschmid, chief executive officer, GlobeOp
Financial Services. "The data supports the pattern of low equity
market correlation that the Performance Index has established since
inception in 2006. It also underlines the Index's value as a proxy
for a diversified portfolio of hedge fund investments."
The GlobeOp Hedge Fund Performance Index is an asset-weighted,
independent monthly window on hedge fund performance. On the 10th
business day of each month it provides a flash estimate of the
gross aggregate performance of funds for which GlobeOp provides
monthly administration services. Interim and final values, both
gross and net, are provided in each of the two following months,
respectively. Online data can be segmented by gross and net
performance, and by time periods. The GlobeOp Hedge Fund
Performance Index is transparent, consistent in data processing,
and free from selection or survivorship bias. Its inception date is
January 1, 2006.
The GlobeOp Hedge Fund Performance Index offers a unique
reflection of the return on capital invested in funds. It does not
overstate exposure to, or the contribution of, any single strategy
to aggregate hedge fund performance. Since its inception, the
correlation of the GlobeOp Performance Index to many popular equity
market indices has been approximately 25% to 30%. This is
substantially lower than the equivalent correlationof other widely
followed hedge fund performance indices.
The next publication date is June 18, 2012.
- ends -
GlobeOp Financial Services
GlobeOp Financial Services (LSE:GO.) is an independent
administrator of middle and back office services, integrated risk
reporting and portfolio analytics for hedge funds, managed accounts
and fund of funds. Our expertise further extends to family wealth
offices, insurance companies, pension funds, corporate treasuries,
and private/regional banks. By outsourcing to GlobeOp, clients can
reduce their technology investments and operational risks, while
increasing their focus on asset generation and portfolio
management. Established in 2000, GlobeOp serves approximately 200
clients worldwide, representing $187 billion in assets under
administration. Headquartered in London and New York, GlobeOp
employs over 2,300 people on three continents through its 11
offices in the Cayman Islands, India, Ireland, the UK and US.
Further information: www.globeop.com; www.twitter.com/GlobeOp;
www.globeopindex.com.
About the GlobeOp Hedge Fund Index(R)
GlobeOp Financial Services (LSE:GO.) offers an independent
monthly window onto hedge fund capital flows following the launch
in April 2011 of the first indices in the GlobeOp Hedge Fund Index
family. It is the first index by a hedge fund administrator, and
offers clients, investors and the overall market transparency on
liquidity and investor sentiment based on a significant platform of
assets. The GlobeOp Hedge Fund Index is available on
www.globeopindex.com or through a link on the homepage of
www.globeop.com. Alert and RSS subscriber options are available on
www.globeop.com. Index Twitter comments: #HFindex.
The GlobeOp Capital Movement Index and the GlobeOp Forward
Redemption Indicator provide monthly reports based on actual and
anticipated capital movement data independently collected from all
hedge fund clients for whom GlobeOp provides administration
services. The GlobeOp Hedge Fund Performance Index is an
asset-weighted benchmark of the aggregate performance of funds for
which GlobeOp provides monthly administration services. Flash
estimate, interim and final values are provided, in each of three
months, respectively, following each business month-end. While
individual fund data is anonymized by aggregation, Index data will
be based on the same reconciled fund data GlobeOp uses to produce
fund net asset value (NAV) reports. GlobeOp's total assets under
administration represent approximately 10 percent of the estimated
assets currently invested in the hedge fund sector. The investment
strategies of the funds in the Indices span a representative
industry sample. Data for middle and back office clients who are
not fund administration clients is not included in the Index but is
included in the company's results announcement figures.
GlobeOp, GlobeOp Hedge Fund Index and the GlobeOp "G" are trade
or service marks of GlobeOp and its affiliates
Media Contacts Financial Media Gill Ackers Tel. +44 (0)20 7404
5959 Email: goteam@brunswickgroup.com
Trade Media Caroline Beer Metia (UK) +44 (0) 203 100 3796
Caroline.Beer@metia.com
Sheryl Lee Metia (US) +1 917 320 6462 Sheryl.Lee@metia.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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