Oct
20
Hedge Fund Assets Decline by Biggest Amount Since Financial Crisis
ByFor years, the hedge fund industry attracted billions of dollars as investors searched for higher returns. But over several rocky months, managers reversed their gains for the year, investors headed for the exit and some firms shut down.
Over all, the total amount of money that hedge fund managers have available to invest in stocks, bonds, commodities and currencies shrank by $95 billion in the third quarter of the year, according to data from HFR, a firm that tracks the industry. It is the biggest outflow since the third quarter of 2008 in the depths of the financial crisis…
Hedge Fund Assets Decline by Biggest Amount Since Financial Crisis
