Equity and Quant Hedge Funds Hit Hardest by Stock Market Rout

(Bloomberg) October’s stock rout is inflicting the most pain on equity and quant hedge funds. As the U.S. stock market headed for its worst month in seven years, equity funds have slumped 6.8 percent through Monday, Morgan Stanley’s prime brokerage group said in a report. That brings the year’s losses to 5.9 percent.

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