By Svea Herbst-Bayliss BOSTON, May 24 (Reuters) - Investors pulled $1.8 billion out of convertible arbitrage funds in the first quarter, marking the biggest outflows these once popular hedge funds suffered in more than a decade, data released on Tuesday showed. Convertible arbitrage funds, which on average returned a negative 3 percent during the period, were the only types of hedge funds to see investors pull out more money than they put in during the quarter, a quarterly asset flows ...
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