FEED
Hedge fund investors redeemed $103 billion in the first quarter, with $85 billion of that coming out of hedge funds of funds, according to Hedge Fund Research, leaving remaining assets of about $1.3 trillion.
Redemptions slowed about 32% from the $152 billion that investors took out in the final quarter of 2008.
About $50 billion of those redemptions were from hedge funds of funds.
Between redemptions and market decline, hedge funds now manage $600 billion less than they did in the middle of 2008, when the industry was at its peak.
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Hedge Fund Investors Redeem $103B in 1Q
April 23, 2009
