Friday, 21 October 2016
Last updated 42 min ago
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.