For twelve consecutive months, the sector has experienced net outflows – coupled with the worst May since 2009. The industry's total Wall Street exposure has fallen to the lowest in over 10 years – despite US stocks enjoying a remarkable 2023 bull run. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. "The net outflow in May 2023, while not generally large, was the largest net outflow value we've seen." "Attempting to be blunt…there was little evidence of meaningful new interest in hedge funds in May."

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Persons: Peter Laurelli, Laurelli, Alison Savas Organizations: Service, Nasdaq, Research, Financial Times, Antipodes Partners, Nvidia Locations: Wall, Silicon, Australia, Europe