Bloomberg.com, 14 Jan 2009, Tomoko Yamazaki
Jan. 14 (Bloomberg) -- Hedge funds posted their biggest decline on record last year, losing $350 billion globally, as the credit crisis crippled returns and forced investors to pull money out, an industry report showed.
About 90 percent of the money was lost in the three months to the end of November, according to a preliminary report published yesterday by Singapore-based data provider Eurekahedge Pte. Funds that invested in North America declined the most, posting a drop of $183 billion for the year, the report said.
Read More
