Tuesday 24 March 2009

Hedge funds to see record withdrawals

Hedge fund investors believe the industry will see even bigger withdrawals this year than last, when record levels of cash left the sector. A survey of investors by Deutsche Bank found that a third expect withdrawals of more than $200bn, after a net $155bn was taken out last year, according to consultancy Hedge Fund Research. Only a quarter of investors expect net inflows into the industry, and 82% of the 1,000 respondents said redemptions were the biggest issue for hedge funds.

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