Investors withdrew an estimated $25.2bn from hedge funds in July, the sector's biggest monthly redemption in more than seven years, according to research from eVestment.
The latest figures follow outflows of some $23.5bn from the hedge fund industry in June, bringing total redemptions for the year to $55.9bn, according to Bloomberg. Last month's outflows were the biggest seen by the $3trn industry since February 2009, when $28.2bn was pulled from these vehicles. The report from hedge fund analytics firm eVestment said the outflows have been driven by mediocre performance across the industry this year. The ten biggest hedge fund trends for 2016 The largest outflows in July came from credit and multi-asset funds, with around $10bn leaving each cat...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
