Hedge-Fund Investors Pull $5.7 Billion in July, Eurekahedge Says
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Hedge funds suffered a third consecutive month of outflows in July as investors withdrew $5.7 billion, according to industry tracker Eurekahedge.
Redemptions totaled $20.7 billion in the three months through July, with money managers betting on equities suffering $18.4 billion of withdrawals, Eurekahedge said in a report on Tuesday.