Investors seem to be cooling on hedge funds again.
After a jump in assets under management last year and a surge in investor interest, investors yanked a net $7.8 billion out of hedge funds in the second quarter, according to Citco, which provides administrative services to the sector.
Hedge fund assets under pressure
According to data from With Intelligence, which combines the data sets of Eurekahedge and HFM, hedge fund industry assets under management declined by a total of $15.6 billion in July, extending the streak of consecutive monthly declines to four months. Investors pulled $18.8 billion from the...