In Latest Blow To Hedge Funds, Largest US Life Insurer Is Redeeming Most Of Its Investments

Thursday, May 5, 2016
By Paul Martin

by Tyler Durden
ZeroHedge.com
05/05/2016

Moments ago we the latest confirmation that the hedge fund business model is indeed suffering through an existential battle when MetLife Inc., the largest U.S. life insurer, said was seeking to exit most of its hedge-fund portfolio after a slump in the investments. According to Bloomberg, the insurer is seeking to redeem $1.2 billion of the $1.8 billion in holdings, a process that may take a couple of years to complete.

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