<p class="canvas-text Mb(1.0em) Mb(0)--sm Mt(0.8em)--sm canvas-atom" data-reactid=".1qp65ka43jo.$0.0.0.1.2.0.2.0.0.$Col1-0-ContentCanvas-Proxy.$Col1-0-ContentCanvas.0.4.0:$1" data-type="text" style="line-height: 20.8px; letter-spacing: 0.01em;">Investors withdrew more than $25 billion last month from hedge funds at a time when many insiders are claiming the industry is "under assault."</p>
<p class="canvas-text Mb(1.0em) Mb(0)--sm Mt(0.8em)--sm canvas-atom" data-reactid=".1qp65ka43jo.$0.0.0.1.2.0.2.0.0.$Col1-0-ContentCanvas-Proxy.$Col1-0-ContentCanvas.0.4.0:$2" data-type="text" style="line-height: 20.8px; letter-spacing: 0.01em;">According to <a href="https://www.bloomberg.com/gadfly/articles/2016-08-25/hedge-fund-bloodletting-should-prompt-contemplation" rel="nofollow noopener noreferrer" target="_blank">Bloomberg Gadfly's Christopher Langner,</a> the mass exodus of customers out of hedge funds is not a sign that the industry is dying, but it is shrinking.</p>
<p class="canvas-text Mb(1.0em) Mb(0)--sm Mt(0.8em)--sm canvas-atom" data-reactid=".1qp65ka43jo.$0.0.0.1.2.0.2.0.0.$Col1-0-ContentCanvas-Proxy.$Col1-0-ContentCanvas.0.4.0:$3" data-type="text" style="line-height: 20.8px; letter-spacing: 0.01em;">Langner noted that July's redemption data are the worst in terms of redemptions since February 2009, and they are slightly above June's total net outflow of $23.5 billion.</p>