Breaking News-RTRS-(USD) Global hedge fund lost $100bn of assets in Oct

(USD) The global hedge fund industry lost $100bn of assets in Oct., hammered by
redemptions, according to Eurekahedge. Funds fell an average 3.3% vs. 19% drop
in MSCI World Index in Oct. The biggest market losses since the Great
Depression and investor withdrawals hurt the $1.7trn hedge funds industry. The
index of global funds has lost 11% this yr, set for the worst performance since
2000. The trend toward redemptions in the hedge fund industry is expected to
last for another 6 mo. Some expect combined with investment losses, hedge fund
assets may shrink to $1.3trn, a 32% drop from the peak in June-Bloomberg.