Hong Kong Hedge Funds See Biggest Quarterly Outflow Since 2009
- Investors pulled about $1 billion in the third quarter
- The financial hub has been rocked by anti-government protests
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Hong Kong’s hedge fund industry saw its biggest quarterly outflow since the global recession a decade ago, a shift that may deepen concern about investor sentiment in the protest-wracked financial hub.
Net redemptions totaled about $1 billion in the three months ended September, the most since the second quarter of 2009, according to data compiled by Eurekahedge Pte. Analysts from the research firm said that while anti-government protests in Hong Kong have unnerved markets, the outflow was in keeping with redemptions from hedge funds globally after poor returns from a number of managers in 2018.