Redemptions Reduce Hedge Funds To Less Than $1 Trillion

Feb 19 2009 | 12:57am ET

Hedge fund assets fell under $1 trillion in January as investors headed for the exits, according to a new report.

Investors withdrew $74 billion from hedge funds last month, according to TrimTabs Investment Research, leaving total industry assets at $964 billion. The outflow is the second-highest on record, after $117 billion in withdrawals in December.

Hedge fund assets have fallen by more than half since May, when they totaled $1.9 trillion. The industry has lost $315.6 billion to redemptions since September alone.

Just one category of hedge funds tracked by TrimTabs added money in January, with equity funds bringing in $2 billion.

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