(Opalesque) The pace of hedge fund redemptions slowed in April but continued for a second straight month with $9.4 billion in net outflows worldwide, down from $11.0 billion in March. Despite the outflows, industry assets under management increased to more than $3.09 trillion due to $33.6 billion of trading profits for the month.
Global Hedge Fund Redemptions Continue For A Second Straight Month
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