Hedge fund assets under management plunge 11% in Q3 as investors pull a record $31B from their...

|By:, SA News Editor

Hedge fund assets under management plunge 11% in Q3 as investors pull a record $31B from their accounts. "With losses continuing through October, it appears that 2008 will be the worst year on record for both hedge-fund performance and industry asset flows," Hedge Fund Research's Kenneth Heinz says.