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Hedge Funds See Largest Redemptions Since 2009

Hedge Funds See Largest Redemptions Since 2009

Investors have pulled an estimated $25.2 billion from hedge funds in July, the biggest monthly redemption since February 2009, according to an eVestment report. In total, this brings total outflows this year to $55.9 billion driven by mediocre performance after a number of funds lost money last year.

“Investors have pulled an estimated $25.2 billion from hedge funds in July, the biggest monthly redemption since February 2009.”

~ Bloomberg

The largest outflows in July came from the credit and multi asset funds about $10 billion from each category. Hedge funds, which charge some of the highest fees in the money-management business, have faced mounting criticism from clients over steep costs and performance that mostly hasn’t kept pace with stock markets.

Related Reports: Bloomberg

 

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eVestment provides a flexible suite of easy-to-use, cloud-based solutions to help the institutional investing community identify and capitalize on global investment trends, better select and monitor investment managers and more successfully enable asset managers to market their funds worldwide. With the largest, most comprehensive global database of traditional and alternative strategies, delivered through leading-edge technology and backed by fantastic client service, eVestment helps its clients be more strategic, efficient and informed.

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