Hedge funds were dogged by steep, albeit somewhat smaller, redemptions in January, HedgeFund.net reported. At positive 0.2%, performance also improved somewhat. Meanwhile, the Standard & Poor’s 500 Index dropped 8% in January.

Hedge funds lost $124.7 billion in redemptions in the month, bringing assets 5.8% lower to $1.748 trillion. In December, hedge fund redemptions totaled $200 million. That was a big spike from the $133 billion in redemptions in November.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.