Aug
24
Hedge Funds See Biggest Redemptions Since ’09 as Returns Lag
By-
July outflow tallied at $25.2 billion by tracker eVestment
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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
