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Last updated 1 hour ago
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.