Hedge Funds $5 Billion Outflows
Hedge Funds Saw $5 Billion Outflows in April
Hedge funds saw just over $5 billion of outflows in April as investors' fears heightened on the debt crisis in Europe. That outflow comes after what was a good month for the industry in March as hedge funds netted inflows of $2.8 billion.
Hedge funds lost $5.1 billion to outflows in April, reversing inflows of $2.8 billon in March, as persisting uncertainty in the euro zone affected investors worldwide.
The outflows amount to 0.3 percent of total industry assets, which increased 1.6 percent for the first four months of 2012 to an estimated $1.7 trillion, the research firm said.
Hedge funds fell 0.59 percent in April but outperformed the S&P 500's .SPX 0.75 percent drop, marking the first time in six months that the industry outperformed that benchmark, BarclayHedge founder and President Sol Waksman said.
Still, the industry's 5 percent gain for the first four months trailed the S&P 500's 11.2 percent gain over that period, the research firm added. Source
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