Monday, 2 March 2015
Last updated 27 min 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.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…