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.


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Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

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