As initial anxiety over Donald Trump’s victory gave way to market euphoria in the days following the election, there was a casualty. Gold prices.
Tuesday, 24 January 2017
Last updated 6 hours ago
Dec 12 2012 | 10:18am ET
Pension funds accounted for a substantial chunk of the more than $10 billion redeemed from hedge funds in October, a report shows.
Total net withdrawals were $10.8 billion, according to BarclayHedge and TrimTabs Investment Research. And some $6.4 billion of that came from pension funds.
It is the third month of this year that pensions have redeemed from the industry.
All told, hedge funds have seen a net inflow from pension funds this year, taking in $15.7 billion in new money, while all hedge fund investors are actually net redeemers this year. But that but of good news is tempered by the fact that hedge funds added $78.5 billion to hedge funds last year and $65.7 billion in 2010.