Pensions Pull Billions From Hedge Funds

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.


In Depth

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia...

Lifestyle

Einhorns Busts At WSOP, Finishes In 173rd

Jul 15 2014 | 10:48am ET

Greenlight Capital founder David Einhorn’s World Series of Poker won’t end at...

Guest Contributor

The Truth About Track Record Portability

Jul 24 2014 | 5:55am ET

The number of private funds converting to mutual funds has increased significantly...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    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…

Publisher's Note