Saturday, 23 August 2014
Last updated 20 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.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note