Hedge funds redeemed an estimated USD5.2 billion in December 2011 and underperformed the S&P 500 for the year, according to figures released gy BarclayHedge and TrimTabs Investment Research. Industry assets fell to USD1.64 trillion, down 7.7% for 2011, and hit their lowest level since February 2010. “The Barclay Hedge Fund Index fell 0.4% in...