Hedge fund investors pull record $11.6bn in April

Hedge fund investors pulled $11.57 billion in April as the sector saw its biggest month of outflows so far this year, taking YTD outflows to £19.4 billion, according to eVestment's latest Hedge Fund Industry Asset Flow Report.

While outflows were seen across the board, equity hedge funds saw the biggest redemptions with $8.94 billion of funds removed during the month.

Hedge funds focused on fixed-income and credit strategies, meanwhile, bucked the outflows trend during in April, with a combined $1.7 billion of inflows, boosting their flows so far this year by $5 billion.