Saturday, 5 September 2015
Last updated 10 hours ago
Nov 9 2011 | 11:29am ET
After months of providing impressive inflows, pushing the hedge fund industry to asset levels not seen since before the credit crisis, investors have suddenly abandoned hedge funds in a big way.
That investors pulled money from hedge funds in September, at the end of a miserable third quarter for the industry, is already well-known. But new data from Société Générale show that hedge funds took a much bigger hit than previously reported.
Hedge funds lost some $33 billion in assets to net outflows in September, the numbers show. Earlier estimates from other data providers had outflows of less than $20 billion.
All strategies lost money to investor redemptions in September, "even multi-strategy, the best performing hedge fund category year-to-date," SocGen's Alain Bokobza told Financial News.
Multi-strategy funds lost 5% of their assets, or $17 billion, to outflows on the month.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…