TrimTabs Says Hedge-Fund Clients Pulled $43 Billion Last Month
TrimTabs Investment Research reported that investors withdrew a record $43 billion from hedge funds in September.
TrimTabs' Charles Biderman said the outflows were the most since he started tracking the industry in 2000. Investors pulled $14.4 billion from funds focused on troubled securities and $8.4 billion from equity long-short funds.
Biderman said, "We're told from some of our clients that most of the hedge funds have sold enough equities to cover the redemptions. There shouldn't be more forced selling.''
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TrimTabs' Charles Biderman said the outflows were the most since he started tracking the industry in 2000. Investors pulled $14.4 billion from funds focused on troubled securities and $8.4 billion from equity long-short funds.
Biderman said, "We're told from some of our clients that most of the hedge funds have sold enough equities to cover the redemptions. There shouldn't be more forced selling.''
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