Investors Pull Money From Hedge Funds In Oct.

Oct 11 2012 | 1:45pm ET

As a year of mediocre hedge fund performance draws to a close, investors have begun to quit the asset class.

Investors redeemed a net 0.67% of total hedge fund assets, according to the SS&C GlobeOp Capital Movement Index. The net withdrawal was only the third month this year that investors have pulled more money from hedge funds then they put in.

This month is also the first October in three to see net outflows.

"Inflows have remained steady, while outflows have spiked in line with quarter-end rebalancing," SS&C Technologies CEO Bill Stone said.

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