Financial-Planning.com – The fate of many a hedge fund relies on what investors decide to do with their money on Nov. 15, when it is possible an overwhelming majority could ask for their money back by the end of the year, Dow Jones reports.

If there is a rush to the exits, that could send the Dow Jones Industrial Average and equities, as well as other markets-including credit, commodities, foreign exchange and foreign stock markets-spiraling even further downward.

Hedge funds that give investors until Nov. 15 to notify them if they want their money back include Citadel Investment Group and Och-Ziff Capital Management Group. Others have deadlines of Nov. 26 or Nov. 30.

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Financial-Planning.com – Many alternative asset managers, who brag about their ability to make money regardless of market conditions, posted their worst figures in years last month after worldwide sentiment suddenly changed on energy prices, financial stock and the U.S. dollar.

The hedge fund with the biggest loss is SRM, the Monaco-based group that took a huge gamble on Northern Rock last year. When Northern Rock was nationalized, the group lost approximately 85% of its investors’ money, according to The Wall Street Journal.

Many hedge funds were placing huge bets that energy prices and mining stocks would continue to soar and financials would continue to fall, but when that trend reversed last month, they took a major beating.

"There was a tendency for funds that did well in June to do badly in July," Christopher Fawcett, head of Fauchier Partners, told The Times.

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