Bloomberg.com, 19 Mar 2009, Tomoko Yamazaki
March 19 (Bloomberg) -- Investors pulled out a total of $25 billion from hedge funds in February, the seventh consecutive month of redemptions, as stocks worldwide tumbled and a global recession deepened, an industry report shows.
Total hedge-fund assets stood at $1.36 trillion at the end of February, down about $600 billion from their peak in June 2008, according to preliminary data from Eurekahedge Pte. In January, final net withdrawals totaled $95 billion, according to the Singapore-based research firm.
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