Hedge Fund Fallout Continues

It appears that hedge fund redemptions are showing no signs of letting up, even as the markets were able to bounce a bit off the bottom.

According to an article in today’s NY Times, some traders are anticipating a further wave of redemptions may hit later this month. The average hedge fund return this year is said to be down 20%. What was just recently hailed as an arena for out-performance, only one in three hedge funds has actually made money this year.