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

Odaily Seolnong Ilbo report - According to people familiar with the matter, as the selloff in artificial intelligence (AI)-related stocks hit global markets, Aspex Management, one of Asia's largest hedge funds, recorded a loss of about 16% in October, one of the largest single-month declines in the history of this $14 billion asset management fund. However, as of the end of October, this fund focused on pan-Asian stock markets was still up 9% year to date. (Kim Ten)