According to a recent article at Pensions and Investments, hedge funds fell 7.4% in the first quarter to $1.3 trillion. A large part of this was due to the $1.4 billion in redemptions.
Kenneth J. Heinz, HFR president, made the comment:
“Extreme investor risk aversion subsided into the end of the first quarter, but remained at elevated historical levels as industry consolidation continued through quarter end."
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