New York (HedgeCo.net) \u2013 The latest report from hedge fund industry research firm HFR showed that the hedge fund industry experienced an outflow of $95 billion during the third quarter and that is the biggest outflow since the third quarter of 2008.<\/p>\n
The turbulent third quarter saw a number of funds swing from profits to losses on the year and it seems as if some the higher-profile firms have been hit the hardest. Guys like Bill Ackman, David Einhorn, Daniel Loeb and Larry Robbins are struggling to show profits for the year.<\/p>\n
While the guys mentioned above are struggling to make a profit, other funds are shutting their funds down. Fortress Investment Group, Bain Capital and Renaissance Technologies have all announced fund closures over the past month. <\/p>\n
A recent report in the New York Times stated that Claren Road Asset Management had received redemption request of $2 billion. After the huge outflow in the third quarter, HFR puts the assets under management for the industry at $2.87 trillion.<\/p>\n
Rick Pendergraft
\nResearch Analyst
\nHedgeCoVest<\/p>\n","protected":false},"excerpt":{"rendered":"
New York (HedgeCo.net) \u2013 The latest report from hedge fund industry research firm HFR showed that the hedge fund industry experienced an outflow of $95 billion during the third quarter and that is the biggest outflow since the third quarter […]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,3,16048],"tags":[],"class_list":["post-50340","post","type-post","status-publish","format-standard","hentry","category-hedgeco-networks-press-releases","category-hedgeco-news","category-hedgecovest-news"],"_links":{"self":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/50340","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=50340"}],"version-history":[{"count":1,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/50340\/revisions"}],"predecessor-version":[{"id":50341,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/50340\/revisions\/50341"}],"wp:attachment":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=50340"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=50340"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=50340"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}