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.


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Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

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