Investors trim hedge fund bets in April

April 13, 2015 9:00 PM

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LONDON, April 13 (Reuters) - Investors reduced their allocation to hedge funds in April, pulling out more cash than they invested, data showed on Monday.

The SS&C GlobeOp Capital Movement Index (CMI), which calculates monthly hedge fund subscriptions minus redemptions, fell 1.14 percent at the beginning of April, compared with a rise of 0.63 percent in March, the data showed.

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