Investors in US-based Och-Ziff Capital Management withdrew $720m (€554m) more from the firm’s products than they put in during the third quarter, providing a glimpse into the extent of the investor redemptions faced by the trillion dollar hedge fund industry.

The $718m drained from Och Ziff during the third quarter contributed to the $31bn in overall redemptions from the $1.72 trillion hedge fund industry over the period, according to data provider Hedge Fund Research.