Tuesday, 30 August 2016
Last updated 10 min 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%.