Hedge funds post 2013's first month of net withdrawals

08/8/2013 | ThinkAdvisor

For the first time this year, withdrawals from hedge funds exceeded inflows in June, reducing funds under management 1.3%, according to data from 3,369 funds compiled by BarclayHedge and TrimTabs Investment Research. Hedge fund clients pulled out $8.6 billion, the biggest outflow since October.

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