Investors are still fleeing hedge funds, but not as quickly as they were this time last year.
Investors yanked $5.2 billion from the $3 trillion hedge fund industry in January, according to eVestment data. But eVestment does not view the outflows as “concerning.”
Last January investors pulled $19.3 billion from hedge funds — and $106 billion for the full year — the highest level of redemptions since the financial crisis.
“Investors may be starting 2017 with a positive view of these funds following some strong 2016 performances,” eVestment said.
Roughly 70 percent of the redemptions came from managed futures-oriented hedge funds, which was one of the weakest subsets in the hedge fund industry in 2016.
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