Saturday, 29 August 2015
Last updated 20 hours ago
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.
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…