2008-04-07financialnews-us.com

The hedge fund industry is thought to have suffered its first net quarterly outflow in years as investors demanded billions of dollars back from the managers in which they had invested.

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Clients would keep faith with them for a little longer, he said, but warned: “If we have another few months like March, clients will wonder where the supposed diversification has gone and will pull money from funds of hedge funds.”



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