Last Month, $40 Billion Pulled From Hedge Funds

Investors withdrew $40 billion from hedge funds last month amid cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 stock market's crushing declines. Coupled with $115 billion in losses, cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 industry's assets fell by cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 biggest one-month amount on record, according to Hedge Fund Research. The once-hot industry, which managed $1.56 trillion as of Oct. 31, has seen numerous funds shut because of big losses this year, and cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 number of funds is expected to be nearly halved to around 5,000 before cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 dust settles. The $155 billion drop in hedge funds' assets follows a $210 billion decline in cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 third quarter. Year-end redemption requests from investors, meanwhile, are expected to be massive. Funds unwinding positions amid cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 looming redemption requests and increased difficulty in borrowing money have been among cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 reasons cited for cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 stock market's swoon over cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 past two months. October's withdrawals were broad and resulted in four fund types seeing net outflows for cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 year: equity hedge, event driven, relative value and macro. The latter bets on global economic trends and saw $11 billion in net outflows for cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 month even as such funds are up 4% year-to-date, said Hedge Fund Research. The investments known as "funds of hedge funds," which invest in several ocá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365r funds, saw $22 billion in withdrawals. That group's performance is negative 18.5% this year. Hedge Fund Research said its composite hedge-fund index fell 6% in October, which was less than cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 major U.S. stock indexes.