Thursday, 24 July 2014
Last updated 1 hour 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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…