Hedge funds lose $100bn in October
The global hedge fund industry lost $100bn of assets in October, according to an estimate from data provider Eurekahedge, as firms including Sparx Group and Tantallon Capital were buffeted by investor redemptions, reports Bloomberg.
Despite major declines in the equity markets, hedge funds as a whole held their ground in July, with a 0.01% loss in the Barclay Hedge Fund Index compiled by BarclayHedge.