(Reuters) Hedge funds suffered their worst quarterly outflows in two years when investors pulled $23 billion from the industry during the last three months of 2018, new data released on Friday show. In total, investors asked for $34 billion back last year, but the bulk of the money was pulled out in the fourth quarter when investors lost patience with poor returns and a number of firms decided to shut down after lackluster performance.
Investors Punish Poorly Performing Hedge Funds by Pulling Billions
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