Aspex Fund Drops 16 Percent in October Tech Rout
Asian hedge fund Aspex Management recorded a 16 percent loss in October during a global tech selloff. Despite the monthly drawdown, the 14 billion dollar fund remains up 9 percent for the year through October.
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Aspex Management lost 16% in October during a global tech selloff, marking one of the fund's largest monthly drawdowns. Despite the drop, the $14 billion fund remains up 9% through the first ten months of the year, a person with knowledge of the matter said on a November morning. The drawdown reflects mounting investor skepticism over returns on artificial intelligence investments.
