Saturday, 2 July 2016
Last updated 8 hours ago
Feb 11 2014 | 1:15pm ET
Investors pulled more than $10 billion from hedge funds in December, the largest monthly outflow of the year.
Net redemptions totaled $10.4 billion on the month, according to BarclayHedge and TrimTabs Investment Research. But thanks to investment returns in December, the industry actually ended 2013 at a five-year high, with $2.2 trillion in assets. And in spite of December's outflow, 2013's net inflow of $56.5 billion marked a three-year high.
Investors yanked $6.8 billion from funds of hedge funds on the month and $35.3 billion on the year. The latter figure was below the $42.9 billion in outflows suffered by hedge funds in 2012.