(Reuters) Investors frustrated by poor returns and high fees at hedge funds pulled out roughly 1 percent of industry capital in the third quarter, with outflows totaling $28 billion. This puts the hedge fund sector on track for its first annual outflow since the financial crisis.Third-quarter redemptions nearly tripled from the $8.2 billion investors redeemed during the second quarter, raising the amount of money pulled out this year to $51.5 billion.
Investors Pull 1 Percent Of Hedge Fund Capital in Third Quarter
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