FT.com / Companies / Financial Services - Hedge fund investors pull out record $40bn

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naked capitalism found this 11/21/2008 on www.ft.com (flag)
Hedge fund investors pulled a record $40bn out of the industry in October as poor performance prompted a flight to cash, according to data on Thursday. Hedge funds were hit by more redemptions in October than at any time since Chicago-based Hedge Fund Research started compiling figures in 1990, ... (link)

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Hedge Funds Investors Withdraw Record $40 Billion in October
Published 11/21/2008 by Yves Smith (noreply@blogger.com) at naked capitalism
... reports that hedge fund withdrawals reached unprecedented levels in October (and remember, some funds barred or limited redemptions). With the markets continuing to be very difficult and October results nearly as bad as September, more investor exits are clearly in the offing. One bit of good news: enough funds are heavily in cash in anticipation of these investor demands that observers believe that markets will suffer considerably less from forced selling. From the Financial Times: Hedge fund investors pulled a record $40bn out of the industry in ...

Friday morning links
Published 11/21/2008 by Tim (noreply@blogger.com) at The Mess That Greenspan Made
... Fall, Eroding Biggest Weekly Gain Since 1987 Crash - Bloomberg Why oil rich Sheiks are turning to Gold - Commodity Online How deep a recession? - Christian Science Monitor US global dominance 'set to wane' - BBC No Prince Bounce for Citigroup - DeakBook Help for mounting 401(k) losses - CNN/Money MARKETS/INVESTING Gold Rises a Second Day in London as Dollar Falls, Oil Gains - Bloomberg Hedge fund investors pull out record $40bn - Financial Times The case for buying oil ...