Aug
24

Hedge Funds See Biggest Redemptions Since ’09 as Returns Lag

By
  • July outflow tallied at $25.2 billion by tracker eVestment
  • Annual flows could be negative for only third time on record

For hedge funds, the news is getting worse.

Investors pulled an estimated $25.2 billion from hedge funds last month, the biggest monthly redemption since February 2009, according to an eVestment report.

The withdrawals were the second straight for the beleaguered industry, which saw $23.5 billion pulled in June. They bring total outflows this year to $55.9 billion, driven by “mediocre” performance after a number of funds lost money last year, according to Wednesday’s report…

Hedge Funds See Biggest Redemptions Since ’09 as Returns Lag

Share
Categories : Uncategorized

Leave a Reply

You must be logged in to post a comment.