Fund launches & closures Hedge Funds

Widespread losses predicted, as investors pull $43 billion from U.S. hedge funds in September

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Investor redemptions from U.S. hedge funds reached $43 billion in September, according to an analysis of 1,639 funds conducted by TrimTabs Investment Research.

The research consultancy expects that the total figure, which is based on preliminary numbers, is likely to be higher in the final reckoning and to be surpassed by outflows in October.

Forecasting gloom in the hedge fund industry, especially the total number of fund likely to close, has become a source of morbid fascination, with consulting shops and brokerage firms broadcasting their estimates.

The Tabb Group, a research and advisory firm, recently projected that 700