Reuters – Investors are likely to pull money out of hedge funds in the fourth quarter, said Man Group’s head of multi-manager Luke Ellis, after many funds suffered big losses this summer amidst the euro zone’s deepening debt crisis.
Ellis, who oversees $14.5 billion in assets at the world’s biggest listed hedge fund manager, said that while redemptions across the $2 trillion industry have so far been muted despite poor returns, clients considering changing their portfolios may yet pull out.
