September Outflows Top $30 Billion

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.


In Depth

FINtech Focus: Fundbase Aims To Revolutionize Access To Hedge Funds

Jan 23 2015 | 11:03am ET

Global investment in financial technology—also known as fintech—is booming....

Lifestyle

Ex-Hedge Fund Billionaire Won’t Run For Senate

Jan 23 2015 | 5:48am ET

Ex-hedge fund manager Tom Steyer will not run for Senate after Sen. Barbara Boxer...

Guest Contributor

From Switzerland With Love: Some Hard Truths About Central Banks And Risk

Jan 23 2015 | 7:54am ET

In the wake of the Swiss National Bank uncoupling the country’s currency from...

 

Editor's Note