Monday, 30 November 2015
Last updated 2 days ago
Dec 13 2013 | 12:09pm ET
Investors pulled more than $2 billion from hedge funds in October, just a month after adding twice as much to the industry.
October's net outflow totaled $2.2 billion, according to BarclayHedge and TrimTabs Investment Research. In September, investors had added a net $4.4 billion. Funds of hedge funds suffered a further $1.2 billion in outflows in October, continuing what BarclayHedge chief Sol Waksman called a "relentless" trend, with outflows in 22 of the last 24 months.
Hedge funds generally have done better.
“The outflow in October was only the second for hedge funds this year,” Waksman said. “Hedge funds have taken in $49.4 billion so far in 2013, a sharp reversal from the $12.9 billion outflow in the same period last year.”
“Industry assets stood at a five-year high of $2.0 trillion, according to estimates based on data from 3,348 funds. Assets are up 15.3% in 2013 but are down 16.1% from the all-time peak of $2.4 trillion in June 2008,” Waksman said.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…