Hedge funds brace for $20 billion of redemptions, Citco says
Only 40% of hedge funds globally made money in the first quarter, compared with 61% in the previous three months.
Hedge funds globally are bracing for nearly $20 billion of investor redemptions for the rest of 2022, even after seeing a net inflow in the first quarter, according to a report from Citco Group Ltd.
Investors are already scheduled to withdraw $13.5 billion from the industry in the current quarter
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