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23

$28 Billion Flows Out of Hedge Funds in Quarter Suffer Biggest Quarterly Outflow Since 2009

By Tony Seruga

Leon G. Cooperman, the founder of Omega Partners, made news in September when the Securities and Exchange Commission charged him and his firm with insider trading. CreditChristopher Goodney/Bloomberg

It has been a bruising year for hedge funds. Big bets have been disastrous, investors have voiced discontent and some managers have been forced to rewrite their playbooks or call it quits.

And now, there is new data to rub salt into the industry’s wounds: Over the last three months, investors pulled $28 billion out of hedge funds, according to the research firm Hedge Fund Research. It is the biggest quarterly outflow of dollars since the depths of the financial crisis in 2009…

$28 Billion Flows Out of Hedge Funds in Quarter Suffer Biggest Quarterly Outflow Since 2009

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