Investors pull $4 bln from hedge funds amid lackluster returns

April 7, 2015 8:22 PM

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BOSTON, April 7 (Reuters) - Wealthy investors protested the hedge fund industry's recent lackluster returns and high fees by pulling a net $4 billion out of the $2.5 trillion industry during the first two months of 2015, data released on Tuesday show.

The number contrasts with the heady days of 2014 when investors added $31.6 billion of new money in January and February, research firms BarclayHedge and TrimTabs Investment Research said.

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