Hedge Funds Suffer First Quarterly Net Outflows in 4 Years
- Typical fund lost 1% in 2015; biggest firms raised most funds
- `Brexit' now a key investment theme, Hedge Fund Research says
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Investors withdrew more money from hedge funds than they added between October and December in the industry’s first quarterly net outflow in four years, according to a research report.
Investors pulled a net $1.52 billion from the $2.9 trillion industry in the fourth quarter of last year, Chicago-based Hedge Fund Research said Wednesday. The typical hedge fund lost 1 percent in 2015, even after rising 0.8 percent in the fourth quarter, according to the firm’s HFRI Fund Weighted Composite Index.