Wednesday, 2 September 2015
Last updated 9 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.
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…