Funds Hub
Money managers under the microscope
It just gets worse for funds of hedge funds
Funds of hedge funds are taking a greater share of the pain in the industry’s downturn.
Even as overall outflows from hedge funds slow, redemptions from fund of hedge funds are accelerating.
Figures this week from Hedge Fund Research showed that while overall hedge fund redemptions fell in Q1 to $104 bln from $152 bln in Q4, fund of hedge fund redemptions actually rose.
Investors pulled out $85 bln from funds of hedge funds in Q1, up from $50 billion in Q4, meaning in the first three months of the year they accounted for majority of industry outflows.
