Sources: Asian hedge fund Aspex lost 16% in the October tech stock selloff

Odaily reports: According to people familiar with the matter, as the selloff in artificial intelligence (AI)-related stocks rattled global markets, Aspex Management, one of Asia's largest hedge funds, recorded a loss of about 16% in October, marking one of the largest single-month declines in the history of the fund, which manages $14 billion in assets. Still, as of the end of October, the fund, which focuses on pan-Asian equity markets, was up 9% year to date. (Jinshi)