Hedge funds lost $8.4 billion through investor outflows in July, hitting a net withdrawal of $55.9 billion year-to-date.
Hedge funds have already seen $20 billion more in outflows this year compared to 2018 as investors seek lower fees and better performance, Bloomberg reported. The funds lost $8.4 billion from investor outflows in July, hitting a net withdrawal of $55.9 billion year-to-date. Investors pulled $37.2 billion in all of 2018. The best-performing category was event-based funds, which has seen a net inflow of $10.3 billion year-to-date. Visit the Markets Insider homepage for more stories.
Hedge funds have already seen $20 billion more in outflows this year compared to 2018 as investors seek lower fees and better performance, Bloomberg reported. The funds lost $8.4 billion from investor outflows in July, hitting a net withdrawal of $55.9 billion year-to-date. Investors pulled $37.2 billion in all of 2018. The best-performing category was event-based funds, which has seen a net inflow of $10.3 billion year-to-date. Visit the Markets Insider homepage for more stories.
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