Forex HF Assets May Fall Post May Losses

Forex hedge fund assets are expected to reduce after May losses.

Forex hedge fund assets are expected to reduce after May losses, The Wall Street Journal reports, citing Hedge Fund Net. As per the hedge fund data provider, which tracks about 200 forex funds, investors withdrew $700 million from forex hedge funds in the nine months that ended on March 31, nearly offsetting $580 million in asset appreciation during the period. It is estimated that a total of $51.6 billion in hedge fund assets were invested in forex strategies at the end of the first quarter. Some other type of hedge funds saw inflows of $110 billion in the nine months that ended on March 31. The forex funds reported a 1.76% gain for 2011 through April and only one-third of them outperformed the average hedge fund in that period.

Click here for the story from The Wall Street Journal.