Hedge Fund Investors Redeem $25 Billion In Feb.

Mar 20 2009 | 2:06am ET

Investors pulled money from hedge funds for the seventh straight month in February, although the redemptions were just a fraction of those suffered in January.

Redemptions totaled $25 billion last month, according to preliminary figures from Eurekahedge. In January, investors yanked $95 billion, nearly one-fifth of the $600 billion that hedge funds have lost to withdrawals since June 2008.

Hedge funds now manage a total of $1.36 trillion, according to Eureaka.

Investors added just $4.7 billion to hedge funds last month, according to the report. In terms of investment performance, gains of $7.1 billion were more than offset by $11.5 billion in losses.

The Eurekahedge Hedge Fund Index also lost ground in February, dropping 0.8%. Japanese-focused funds were the hardest-hit, falling 1.5%, while North American funds lost 1.3% and European funds 1.2%. Latin American funds added 0.5%.


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