Tuesday, 6 October 2015
Last updated 32 min ago
Dec 2 2008 | 1:16pm ET
Hedge funds were battered by poor performance and skittish investors in the third quarter, as assets under management in the industry fell by $170 billion.
Net outflows from hedge funds were $18.6 billion, according to Lipper TASS. That, combined with widespread investment losses, left the industry with $1.63 trillion at the end of September, compared to $1.8 trillion at the end of the second quarter.
The biggest losers in terms of outflows were long/short equity, fixed-income arbitrage, multi-strategy and emerging markets funds. Some strategies, by contrast, managed to bring in new money in the difficult environment: global macro, managed futures, equity market-neutral and dedicated short bias.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…