Hedge Funds Suffer $25Bn In Redemptions As Total Assets Drop To Lowest Since May 2014
by Tyler Durden
ZeroHedege.com
02/26/2016
After years of investors stoically refusing to redeem their money from underperforming hedge funds, their patience appears to have run out and according to eVestment data hedge funds that suffered losses last year were hit by redemptions worth $24.8 billion in January. As a result, assets managed by hedge funds globally last month fell to $2.96 trillion at the end of January, the lowest since May 2014.
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