Key Takeaways
- • The SS&C GlobeOp Capital Movement Index recorded a net hedge fund outflow of 0.16% in October 2026, ending an eight-month streak of positive flows that followed a 0.65% increase in September.
- • Inflows of 1.10% were outweighed by outflows of 1.26% during October, according to the index data.
- • The Capital Movement Index stands at 132.94 points, up 5.45 points over the past 12 months, though it remains well below its all-time high of 150.77 set in September 2013.
- • The SS&C GlobeOp Hedge Fund Performance Index returned an estimated -0.31% gross in September 2026, but is up 8.27% year to date and 12.99% over the last 12 months.
- • SS&C Chairman and CEO Bill Stone attributed the October decline to quarter-end rebalancing patterns and cited midterm election uncertainty, further rate hikes, geopolitical conflicts and volatile energy prices as risks ahead.
Summary
Hedge fund inflows ended an eight-month positive streak in October 2026, according to the SS&C GlobeOp Capital Movement Index, which measures monthly net subscriptions and redemptions as a percentage of assets under administration. The index declined 0.16% in October after a 0.65% increase in September. Inflows of 1.10% were outweighed by outflows of 1.26%, as reported by Opalesque for New Managers.
SS&C Technologies Chairman and CEO Bill Stone said the October reading was consistent with quarter-end rebalancing patterns. He noted that investors face a number of market risks heading into the final quarter of the year, including potential congressional changes from the U.S. midterm elections, additional rate hikes, lingering geopolitical conflicts and volatile energy prices. Stone argued that hedge funds remain an attractive option during uncertain periods, helping to dampen drawdowns and enhance risk-adjusted returns.
Despite the monthly decline, longer-term flows remain positive. The Capital Movement Index stands at 132.94 points, up 5.45 points over the past 12 months. It reached a 12-month high of 133.10 in September 2026, up from a 12-month low of 127.76 in January 2026, and its all-time high remains 150.77, set in September 2013. The SS&C GlobeOp Forward Redemption Indicator, which tracks notified future redemptions, hit an all-time low of 1.26% in April 2026, compared with a 12-month high of 2.43% in November 2025 and a record 19.27% in November 2008.
Performance softened in September. The SS&C GlobeOp Hedge Fund Performance Index returned an estimated -0.31% gross that month. Year to date the index is up 8.27%, over the last 12 months it has gained 12.99%, and since its inception at the start of 2006 it has returned 378.86%, all figures gross.
The SS&C GlobeOp platform's assets under administration represent approximately 10% of estimated assets invested in the hedge fund sector. The next Capital Movement Index publication is scheduled for 12 November 2026.
SS&C Technologies Chairman and CEO Bill Stone said the October reading was consistent with quarter-end rebalancing patterns. He noted that investors face a number of market risks heading into the final quarter of the year, including potential congressional changes from the U.S. midterm elections, additional rate hikes, lingering geopolitical conflicts and volatile energy prices. Stone argued that hedge funds remain an attractive option during uncertain periods, helping to dampen drawdowns and enhance risk-adjusted returns.
Despite the monthly decline, longer-term flows remain positive. The Capital Movement Index stands at 132.94 points, up 5.45 points over the past 12 months. It reached a 12-month high of 133.10 in September 2026, up from a 12-month low of 127.76 in January 2026, and its all-time high remains 150.77, set in September 2013. The SS&C GlobeOp Forward Redemption Indicator, which tracks notified future redemptions, hit an all-time low of 1.26% in April 2026, compared with a 12-month high of 2.43% in November 2025 and a record 19.27% in November 2008.
Performance softened in September. The SS&C GlobeOp Hedge Fund Performance Index returned an estimated -0.31% gross that month. Year to date the index is up 8.27%, over the last 12 months it has gained 12.99%, and since its inception at the start of 2006 it has returned 378.86%, all figures gross.
The SS&C GlobeOp platform's assets under administration represent approximately 10% of estimated assets invested in the hedge fund sector. The next Capital Movement Index publication is scheduled for 12 November 2026.
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