Hedge Funds Post 1.09% Gain in September, Lifting SS&C GlobeOp Index to 10.86% YTD
Hedge fund performance accelerated in September, with the SS&C GlobeOp Hedge Fund Performance Index rising 1.09%, bringing year-to-date gains to 10.86%, according to data released by SS&C Technologies Holdings. The results highlight the hedge fund sector’s continued strength amid volatile market conditions and growing investor focus on downside protection and risk-adjusted returns.
The SS&C GlobeOp Hedge Fund Performance Index provides an asset-weighted, independent measure of monthly hedge fund performance, drawing data from funds representing approximately 10% of global hedge fund assets under administration. Established in 2006, the index has maintained a low 25%–30% correlation to major equity benchmarks, reflecting its diversified exposure and reduced dependence on public market directionality.
“The rare occurrence of both equity markets and gold at all-time highs indicates elevated market and policy risk,” said Bill Stone, Chairman and CEO of SS&C Technologies. “Amid volatile conditions, hedge funds remain a stable option for investors, helping to buffer drawdowns and enhance risk-adjusted returns.”
The latest data places hedge fund performance in line with broader industry measures showing strength across equity strategies. The PivotalPath Equity Sector Index gained 3.6% in August, outpacing the PivotalPath Hedge Fund Composite, which rose 1.7%. Meanwhile, HFR’s Equity Hedge Index reported a 7.2% increase in the third quarter and a 13.6% gain year-to-date through September, making equity-focused funds the only segment to achieve double-digit annual returns so far in 2025.
However, investor capital movements showed signs of moderation. The SS&C GlobeOp Capital Movement Index, which tracks monthly hedge fund subscriptions and redemptions, declined 0.14% in October, indicating mild net outflows. As of October 2025, the index stood at 127.46 points, down 0.14 points from September but up 3.32 points over the past 12 months, suggesting continued net inflows on an annual basis.
SS&C noted that despite recent outflows, hedge fund allocations remain resilient amid shifting macro conditions. With equity markets and gold simultaneously at record highs, investors are increasingly turning to alternative strategies for portfolio diversification and volatility management.