(Bloomberg) Hedge fund managers were busy protecting performance and taking risk off the table in the fourth quarter, according to regulatory filings. Many saw the value of their U.S. equity holdings drop in the period, as the industry careened toward its worst year since 2011. Some came from losses amid market volatility while others resulted from stock sales to reduce risk or meet client redemptions. Investors pulled $42.3 billion from hedge funds, the most in at least five years, industry tracker BarclayHedge said in a report.
Hedge Funds From Appaloosa to Third Point Slash Stocks: 13F Wrap
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