Hedge funds suffer largest drop in investments since 2000 in July ($32bln outflows), FoFs withs $55bln redemptions, nearly 5% of their assets From http://today.reuters.com/news/artic...013516Z_01_N03343802_RTRIDST_0_FUNDS-DATA.XML Hedge funds, with a combined $1.9 trillion in assets, posted the largest drop in investments since 2000 in July and a deeper slide could be seen in August, a research firm said on Monday. Withdrawals for all hedge funds totaled $32 billion in July, according to the TrimTabs BarclayHedge Fund report. August hedge fund outflows, for which complete data is not yet available, could be even greater, according to the report. Funds that invest in hedge funds suffered $55 billion in redemptions in July. That was offset, somewhat, by an inflow of $23 billion at regular hedge funds, TrimTabs said. The redemption at funds of hedge funds in July was equal to nearly 5 percent of their estimated assets, the report said. The drop in investments "likely sparked the dislocation in the equity markets in the summer," the report from TrimTabs said
less management fees 100 billion in fees. what is there to manage..i mean they even sell bear funds to these moron investors
baby boomers are retiring and they first thing they do cash out investments and spend it. that was the plan
baby boomers are retiring and when they retire they don't put money into IRA anymore. instead they take money out to just to keep their pre-employment living standards.