Reuters- Investors punished hedge funds for poor performance in December, when they dramatically cut the new money they sent to its lowest level in two years, new data released on Thursday show.
Pension funds, endowments and wealthy individuals put only $2.3 billion into hedge funds in December, down from $21.8 billion in November, according to data from TrimTabs and BarclayHedge, which track flows and performance.
"Flows tend to follow performance, and hedge funds are no exception," said TrimTabs Chief Executive Charles Biderman.
