The hedge fund industry again suffered large aggregate redemptions in July 2016, with investors redeeming an estimated net $25.2 billion during that month. These redemptions follow outflows of $23.5 billion in June. The latest wave of redemption pressure brings year-to-date flows to a negative $55.9 billion.
In terms of cumulative magnitude, the redemption pressures facing the hedge fund industry in the last two months are reminiscent of the second half of 2011 when, in a four-month span,
- Asia moves: Natixis sales head moves to Barclays, new banking head for StanChart Singapore, and more
- Functional programming reaches for stardom in finance
- Banks use machine learning to ‘augment’ corporate sales
- Banks hope final FRTB rules will ease NMRF burden
- Buy-siders eye ways to get ahead of US resolution stay rules