(HedgeWeek) Investors redeemed an estimated USD14.2 billion from hedge funds in October, bringing year-to-date outflows to USD77.0 billion, according to eVestment’s latest Hedge Fund Industry Asset Flows Report. The report reveals that the breadth of redemption pressure in October was the industry’s largest in 2016 with 61 per cent of reporting funds estimated to have net outflow during the month.
The last five months have accounted for the majority of the industry’s redemptions in 2016, a time frame which aligns with investors’ processes for analysing 2015 results, and taking actions on those decisions.