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Mumbai, Nov 17: and shore up some good numbers. Hence, there is likely to be some year-end selling. Also, there have been large redemption requests from hedge fund investors as well. The November 15 deadline for redemption requests saw huge amount of takers. Pension funds, endowments and wealthy investors have put money into hedge funds so quickly that industry assets have doubled in about three years.
Hedge funds, which invest around $1.7 billion, are nursing their worst -ever losses, with the average fund down 15% this year, and many investors are punishing the managers for lousy returns. George Soros said that he expects hedge fund industry assets "will shrink by between 50% and 75%." Hedge funds that focus on Asia saw assets shrink by 13% in the third quarter, vaccording to new data from Hedge Fund Research....
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