Zawya.com – The worst may be over for hedge funds with redemptions recording a decline for the third consecutive month in March and industry players expecting stability to return soon.
Net investor redemptions and liquidations in March were an estimated $23.97 billion (Dh87.7bn) compared to investor outflows of $41.14bn in February and $165.25bn in January this year, Hedgefunds.net said in its latest report.
Estimates show hedge fund assets fell an additional 1.01 per cent in March 2009 to $1.724 trillion compared to reductions of 2.51 per cent in February and 7.56 per cent in January 2009.
