Hedge funds suffer biggest quarterly withdrawals since global financial crisis
Total industry capital declines to $2.96-trillion globally in the quarter
22 April 2020 - 22:59
New York — Investors pulled a net $33bn from hedge funds in the first quarter, the most in more than a decade.
The total is about 1% of industry capital, and the largest quarterly outflow since investors yanked about $42bn in the second quarter of 2009, according to a report on Wednesday from Hedge Fund Research. In all of 2019, investors pulled $43.1bn...
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