BusinessWeek – Investors withdrew $3.5 billion from hedge funds in April, according to TrimTabs Investment Research and BarclayHedge estimates.
Industry assets stood at $1.65 trillion globally, the highest level in 18 months, the companies said today in a statement. Hedge funds rose 1.2 percent in April, as measured by the Credit Suisse Tremont Index, compared with a 1.5 percent gain for the Standard & Poor’s 500 Index of the largest U.S. companies.
