2009-02-19 — bloomberg.com
Hedge-fund investors withdrew $74 billion in January as the economy worsened and equity markets fell, according to a report from TrimTabs Investment Research.
The withdrawals were the second highest on record, after $117 billion of outflows in December, the Sausalito, California- based firm said. Investors have pulled $315.6 billion from hedge funds since September, according to data compiled by TrimTabs.
Investment losses and redemptions reduced hedge-fund assets to $964 billion as of Jan. 31 from $1.9 trillion in May, TrimTabs said. Customers removed money from 13 of 14 fund categories, led by $20 billion in outflows from those that invest in companies going through events such as takeovers. Funds that only buy stocks attracted $2 billion, TrimTabs data show.
Comments: Be the first to add a comment
Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately.