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It was the first week in the previous 100 that saw a net outflow of money.
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He said the central bank would impose some limited "capital controls" to prevent an outflow of money when banks reopened.
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If an American recession caused a flight of capital to safety, these countries would see a sharp outflow of money.
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Surprisingly, given the hype surrounding the sector, there was probably a modest net outflow of money from hedge funds in 2005.
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Meanwhile, the outflow of money from U.S. stock mutual funds that took place at a startling pace last year and most of this year, even as the impressive new bull market in stocks began and continued, did not reverse to inflow until October.
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The outflow of money from stock mutual funds finally reversed to inflow in October, while the inflow of money into bond mutual funds has reversed to outflows over the last four weeks, and accelerated last week in the largest weekly bailout from bonds since October, 2008 (which took place just before bonds began a huge rally in November, 2008).
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For SAC, the call is likely a move to stem any possible outflow of client money from the fund.
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Europeans are still rushing to put their money into assets abroad: capital outflow has been one cause of the euro's frailty.
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For one, assuming an inflow of cheap money into the stock market, there would by definition have to be an outflow.
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