Investors Are Seeing Red As Redemptions Hit Record High

It seems investors are becoming increasingly fed up with underperforming equity strategies, so redemptions continue to climb. To quantify just how poorly the equity market has performed this year, Bank of America Merrill Lynch estimates that the global combined equity market cap has shed $15.7 trillion in value since peaking on Jan. 26.

Q3 hedge fund letters, conference, scoops etc

The firm's data indicates that overall redemptions hit a new record high earlier this month. In fact, the turmoil is spilling over from equities into other markets, which means equity funds aren't the only ones seeing tremendously high redemptions this month. We're also seeing a very interesting trend in credit when we combine this new data from...