{"id":9395,"date":"2008-12-18T00:00:00","date_gmt":"2008-12-18T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"hedge-funds-shrink-by-64-billion-eurekahedge-says","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/12\/2008\/hedge-funds-shrink-by-64-billion-eurekahedge-says.html","title":{"rendered":"Hedge Funds Shrink by $64 Billion, Eurekahedge Says"},"content":{"rendered":"<p>Bloomberg &#8211; The global hedge-fund industry lost $64 billion of assets in November, with an index tracking its performance declining for a sixth month as economies in Asia and Europe joined the U.S. in recession, <a href=\"http:\/\/www.eurekahedge.com\/\" target=\"_blank\">Eurekahedge Pte<\/a> said. <\/p>\n<p>&ldquo;It&rsquo;s very clear that there is going to be significant consolidation in the hedge-fund industry,&rdquo; said <a href=\"http:\/\/search.bloomberg.com\/search?q=Duncan+Smith&#038;site=wnews&#038;client=wnews&#038;proxystylesheet=wnews&#038;output=xml_no_dtd&#038;ie=UTF-8&#038;oe=UTF-8&#038;filter=p&#038;getfields=wnnis&#038;sort=date:D:S:d1\">Duncan Smith<\/a>, a partner in Hong Kong at Ogier, a firm that provides corporate and legal services to financial companies. &ldquo;Conditions are quite difficult and that really goes without saying. Underlying liquidity is very hard for funds.&rdquo; <\/p>\n<p>Market declines contributed to $18 billion in net losses, while investor redemptions made up $46 billion, Singapore-based Eurekahedge said, based on preliminary figures taken from 41 percent of the funds it surveys. It said hedge-fund assets shrank by $110 billion to $1.65 trillion in October. <\/p>\n<p><a href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.bloomberg.com\/apps\/news?pid=20601110&#038;sid=a6QLLD6W29bs\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg &#8211; The global hedge-fund industry lost $64 billion of assets in November, with an index tracking its performance declining for a sixth month as economies in Asia and Europe joined the U.S. in recession, Eurekahedge Pte said. &ldquo;It&rsquo;s very [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[260,4106,63,276,4226,3318,480,416,885,4105,1114,282,614,901,236],"class_list":["post-9395","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-annum","tag-capital-restructuring","tag-first-avenue","tag-fourth-quarter","tag-heaps","tag-hussman-strategic-growth-fund","tag-leon-cooperman","tag-mutual-fund","tag-rebound","tag-regional-property","tag-rush","tag-shanghai-composite","tag-survey-respondents","tag-tide","tag-trillion"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9395","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=9395"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9395\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=9395"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=9395"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=9395"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}