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Hedge funds hurt as investors withdraw US$28b in 3 months

So far this year, more than US$50 billion has flowed out of hedge funds - much of that from the industry's biggest and best-known

DIRE OUTLOOK: Billionaire hedge fund manager Daniel Loeb has told his investors that "we are in the first innings of a washout".

IT has been a bruising year for hedge funds. Big bets have been disastrous, investors have voiced discontent and some managers have been forced to rewrite their playbooks or call it quits.

And now, there is new data to rub salt into the industry's wounds: Over the last three months,...

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