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Last updated 11 hours ago
Jun 14 2013 | 10:56am ET
Inflows into hedge funds fell by almost half in April, according to the most recent data from BarclayHedge and TrimTabs Investment Research.
Hedge funds added a net $430 million in April, compared to $817 million in March. Funds of hedge funds continue to shrink, with $4.2 billion in net outflows in April—although fund of funds did best the average hedge fund in April for the first time in 10 months, topping them by 20 basis points, according to the report.
Hedge funds rose 0.6% in April.