New York Times – For hedge funds, July, it seems, was the cruelest month. Until the August figures are released.
Hedge funds, with a combined $1.9 trillion in assets, in July posted the largest drop in investments in seven years, and a deeper slide could be seen in August, a research firm said on Monday. Redemptions for all hedge funds totaled $32 billion in July, according to the TrimTabs BarclayHedge Fund report, the largest amount since 2000.
The biggest losers were funds that invest in hedge funds, which suffered $55 billion in redemptions in July. That was offset, somewhat, by an inflow of $23 billion at regular hedge funds, TrimTabs said.
And August outflows could be even greater, although complete data is not yet available, the report said.
