Withdrawals from hedge funds surged in March even though investors were seeing returns of up to more than 5%. Hedge funds had an estimated $13.69 billion (€12.16 billion) of withdrawals in March, representing the lion’s share of redemptions that in total were nearly $15 billion for the first quarter of the year. Q1 marked the fourth consecutive quarter of redemptions from the industry, according to eVestment, which compiled the estimated figures. The majority of outflows came from large macro, long/short equity, and managed futures funds which produced negative results last year.