Posted on 11/26/2008 5:49:01 AM PST by TigerLikesRooster
Redemptions tipped to hit $1 trillion this year
Mike Foster
24 Nov 2008
Redemptions from hedge funds and mutual funds are expected to total $1 trillion (€800bn) by the end of the year, according to US advisory boutique Empirical Research Partners.
Empirical estimates that between $650bn and $700bn will be withdrawn from hedge funds and a further $325bn to $350bn from mutual funds, making it the worst result in 20 years. It said: “The combined outflows amount to 6.5% to 7% of the capitalization of the US equity market. While we’re not believers in supply/ demand analysis, that’s a sizeable hit.”
(Excerpt) Read more at efinancialnews.com ...
Ping!
and that trillion went where?
What does that mean?
Obama should step down now before he does any further damage to the country.
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