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

Odaily reports: Sources familiar with the matter revealed that as the selloff in AI-related stocks rattled global markets, Aspex Management, one of Asia's largest hedge funds, recorded a loss of approximately 16% in October — one of the largest single-month declines in the history of the fund, which manages $14 billion in assets. However, as of the end of October, the pan-Asian equity-focused fund was still up 9% year-to-date. (Jinshi)