Hedge fund firm GLG says industry flows stabilised

MONACO, June 17 (Reuters) – Investor flows out of the hedge fund industry have stabilised and the health of the industry has improved, GLG senior managing director Pierre Lagrange told Reuters on Wednesday.

‘Industry-wide they (flows) have stabilised,’ Lagrange said in an interview on the sidelines of the GAIM 2009 conference in Monaco. ‘You can see from performance that things are better.’

The hedge fund industry has suffered redemptions of around $250 billion between October and March as investors fretted over record poor performance last year.

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