Thursday, January 22, 2009

Hedge fund investors removing money

According to Bloomberg, $152 billion was withdrawn from hedge funds in the fourth quarter of 2008. At the same time, hedge fund investors saw the lowest return on investments in two decades.

Kenneth Heinz, the president of Hedge Fund Research, said:
“Investor risk aversion remained at historically extreme levels through year end. Investor redemptions were widespread and indiscriminate across fund strategies, regions, asset sizes and performance.”

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