(Opalesque) The hedge fund industry felt the impact of the spreading COVID-19 pandemic in March as hedge fund redemptions jumped dramatically to $85.6 billion, a steep increase from February’s $8.1 billion in industry outflows. March’s redemptions represented 2.7% of industry assets, according to the Barclay Fund Flow Indicator published by BarclayHedge, a division of Backstop Solutions.
Hedge fund redemptions jump to to $85.6bn in March
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