(Opalesque) After a string of strong performance this year, some hedge fund investors may be doing a bit of profit-taking, with redemptions of -$2.9 billion from hedge funds in October, according to the just-released eVestment asset flows report. However, performance gains continued pushing industry assets under management (AUM) up to a record $3.253 trillion.
The proportion of funds losing assets in October was similar to the proportion seen in September, roughly 54%. Both levels are higher than any other month of 2017.

To read this article: