Entering text into the input field will update the search result below

Investors pulled a whopping amount from hedge funds in June

  • In the largest monthly withdrawal since eVestment began tracking flows in 2009, investors pulled $20.7B from hedge funds in June. Don't blame the Brexit, as bailing out of hedge funds takes significantly longer than logging into one's E*Trade account to hit the sell button.
  • Outflows are more likely the continuing of a trend out of active management and into passive.
  • There's also performance-chasing: The 10 long/short equity funds with the largest outflows returned an average of -8.27% YTD, while those with the largest inflows returned an average of positive 4.55%.
  • OZM flat on today's session, but down about 70% Y/Y.

Recommended For You

Related Stocks

SymbolLast Price% Chg
SCMT--
Sculptor Capital Management, Inc.