Hedge Fund Clients Yank $22.5 Billion, the Most in Two Years
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Investors fled hedge funds as markets plunged in the fourth quarter, pulling $22.5 billion, the most in more than two years.
The exodus added to the total withdrawals of $34 billion in 2018, or about 1 percent of industry assets, according to a report Friday from Hedge Fund Research. That’s the most since 2016 when investors yanked about $70 billion.