Thursday, September 9, 2010
Hedge Funds Post Outflow of $2.9 Billion in July; Industry Assets Sink to Lowest Level Since November 2009
New York, NY – September 7, 2010 – TrimTabs Investment Research and BarclayHedge reported that the hedge fund industry posted an estimated outflow of $2.9 billion, or 0.2% of assets, in July 2010, the second straight outflow as well as the third in four months. Industry assets sank to $1.53 trillion, the third straight decrease and the lowest level since November 2009.
“Hedge funds posted a positive return in July, but they did not regain the ground they lost in May and June,” said Sol Waksman, founder and President of BarclayHedge. “They also underperformed the S&P 500 by five percentage points.”
Read the entire TrimTabs Asset Flows into Hedge Funds Press Release by clicking here.
Copyright © 2010 by Barclay Hedge
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