Hedge Fund Redemptions Slow In February

Mar 10 2009 | 11:41am ET

Early estimates for February indicate the outflows from the hedge fund industry continued, but at a much slower rate than prior months, according to HedgeFund.net

Hedge fund assets fell 2.2% in February to $1.746 trillion, compared to a drop of 7.6% in January. The loss was largely due to net investor redemptions and fund liquidations of $35.9 billion during the month and combined with a reduction due to performance losses of $3.53 billion.

The data provider also estimates that hedge funds dropped 0.61% on average for February, but the loss will likely grow as more funds report.


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