Hedge Fund Redemptions, Losses Total $100B In Oct.

Nov 14 2008 | 3:30am ET

Hedge funds have $100 billion less to play with after October, one hedge fund index shows.

Investors pulled about $60 billion from hedge funds last month, according to Eurekahedge.

The outflows were compounded by $40 billion in investment losses amidst the market turmoil.

The Eurekahedge Hedge Fund Index shed 3.3% in October—one of the more optimistic estimates for one of the worst months in the history of the hedge fund industry—leaving hedge funds with some $1.7 trillion in assets, worldwide. On the year, Eurekahedge estimates that hedge fund have lost 11%.

At its peak last year, Eurekahedge estimates that hedge funds managed about $2 trillion.


In Depth

Q&A: Rotation Capital's Rothfleisch On SPAC 2.0

Aug 11 2017 | 7:43pm ET

Corporate actions have long been a staple of event-driven investors, but activity...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Star Mountain: Private Lending in the Lower Middle-Market

Aug 14 2017 | 4:45pm ET

Private credit has become one of the most popular alternative asset classes in recent...

 

From the current issue of