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Mutual fund industry suffering

When it comes to buy-side carnage, most of the media ink has been spilled on hedge funds. But mutual funds have fared much worse on a performance basis. By some measures, on average, the losses wracked up by equity mutual funds are about double the losses of hedge funds. And who can forget that one money market mutual fund broke the buck in 2008, and there were several others that may have been close. Investors certainly took note. The Financial Times reports that $320 billion (net) was yanked from mutual funds last year--"in one the biggest flights to safety the industry has seen." Equity funds suffered the most. 

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- here's the article 

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Published:
Jan 05 2009 / 1:37 pm
Category:
Hedge Fund News