HFN: Hedge Funds Add 0.82%, See First Outflows In More Than A Year

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.


Lifestyle

Survey: Wall Street Banks Still Top Silicon Valley, Hedge Funds for Freshly-Minted MBAs

Jun 21 2016 | 9:01pm ET

Contrary to concerns that Wall Street isn't as appealing to new graduates as it...

Guest Contributor

The Future of the Blockchain in Financial Services Communications

Jun 17 2016 | 1:05pm ET

Over the past year, a large portion of the financial services industry has awakened...