Investors Pulling their Money out of Hedge Funds
In the past two quarters, investors have pulled more money from hedge funds than they put in. The sum was almost $ 17 billion and it is the worst outflow since 2009. More investors are demanding that the struggling funds lower the fees of 2% of assets and 20% of profits that they typically charged.
“In the past two quarters, investors have pulled more money from hedge funds than they put in. The sum was almost $ 17 billion and it is the worst outflow since 2009.”
Hedge-fund managers are seeking new ways to quiet any investor unease. Some are now pitching their own lower-cost products that bear little resemblance to the industry’s traditional offerings in price. One hedge-fund manager, TIG Advisors President Spiros Maliagros, said he believes investors will continue to seek out firms like his for the chance to do better than they would with mainstream investments. But he said the industry needs to be clearer that returns aim to diversify and ease the impact of market swings, not simply earn the highest payouts.
About TIG Advisors
TIG Advisors, LLC is a privately owned hedge fund sponsor. The firm primarily provides its services to institutional investors and other sophisticated investors. It manages separate client-focused portfolios. The firm launches and manages hedge fund for its clients. It primarily invests in public equity and fixed income markets. The firm employs fundamental analysis to create its portfolio. TIG Advisors, LLC was founded in January 1, 2006 and is based in New York City with additional office in Beverly Hills, California.
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