Liquid alternative mutual funds had $2.6 bill of outflows in October, the first month of net outflows since April '12 pic.twitter.com/72sgmfx3S2
— Jason Kephart (@JasonKephart) November 13, 2014
Nearly half of alternatives funds lost assets during the month. Four Pimco funds were on that list, losing a total of $1.3 billion in assets during the month, The funds included three absolute return strategies and a long-short fund.
As flows reversed, the number of funds posting outflows rose by 12 percentage points, according to an InvestmentNews analysis of Morningstar data.
(Related: Huge Marketfield fund suffering outflows as performance wanes)
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