Investors cut back on hedge funds despite rally

Reuters – Hedge fund clients pulled out more money than they put in over the past month in spite of a strong performance, in a possible sign of nerves that the parlous state of major economies could hit their returns.

Net outflows from hedge funds, as measured by the SS&C GlobeOp Capital Movement Index, which tracks monthly net subscriptions to and redemptions from funds, were 0.67 percent of the total during the month to October 1.

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