Friday, 29 July 2016
Last updated 6 hours ago
Aug 10 2011 | 10:53am ET
Hedge funds broke a two-month losing streak last month, but July was the first time in more than a year that investors pulled more money from the industry than they added.
The HFN Hedge Fund Aggregate Index rose 0.82% last month. That allowed the industry to grow by 0.67% to $2.578 trillion, HedgeFund.net said. Investors pulled a net $8.14 billion from hedge funds on the month, the first net outflow since June of last year.
“The investor flow trend since May has been of declining net allocations and rising redemptions which led to the net outflow in July,” HFN said. Redemptions hit equity, statistical arbitrage, event-driven and emerging-markets funds hardest.