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%.


In Depth

Fundraising for Mid-Sized PE Funds: Should You Use a Registered B/D?

Dec 6 2016 | 7:18pm ET

When does a fund sponsor need to use a registered broker/dealer when raising capital...

Lifestyle

Trump Attends 'Villains and Heroes' Costume Party Dressed As...Himself

Dec 5 2016 | 11:16pm ET

U.S. President-elect Donald Trump attended a "Villains and Heroes" costume party...

Guest Contributor

Nowhere to Hide: Why the Future of Asset Management Depends on Innovation

Nov 15 2016 | 6:55pm ET

Information technology has reshaped the asset management industry’s periphery,...

 

From the current issue of

Since the inception of Modern Trader, a core editorial theme has centered on the wisdom and power of crowds. Editorial emphasis has focused on companies and projects engaged in the collection and analysis of information. 

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR