Asia-Focused Hedge Funds See First Outflows In 17 Months

Oct 19 2011 | 1:23pm ET

Asia-focused hedge funds saw net outflows of $1.9 billion in September, the first monthly outflow in 17 months, according to data from Eurekahedge.

Investors pulled out over concerns about the global economy and the European debt crisis. The outflows follow three months of net inflows and brings the YTD allocation to Asia hedge funds to $5 billion, according to the industry tracker.

The Eurekahedge Asia index for hedge funds lost 4.31% in September, its fourth-biggest monthly decline since the index was created in 2000. Asian shares as measured by the MSCI Asia-Pacific index lost 9.5% in September, the biggest fall since May 2010.


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...