Saturday, 23 August 2014
Last updated 1 day ago
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%.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note