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

Nov 14 2008 | 2:30am 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

Debunking Conventional Investment Wisdom

Feb 8 2017 | 3:22pm ET

Due diligence in the hedge fund world has long involved some combination of the...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

The Future of Private Equity: New Opportunities, New Challenges

Feb 3 2017 | 6:41pm ET

The private equity industry’s astonishing rebound since the financial crisis has...

 

From the current issue of