The healthcare sector went on a tear beginning in 2011, thanks in large part to the passage of the Affordable Care Act and its impending implementat
Thursday, 19 January 2017
Last updated 13 hours 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%.