In the week ending November 30th 2018 Hedge Fund Research (HFR) said that emerging market hedge funds are on track for their worst annual performance since 2011, extending their losses. As a consequence, investors redeemed $3.1bn from Emerging Market hedge funds in 3Q18, the largest quarterly redemption since 1Q 2009. Total EM hedge fund capital fell by $4.0bn in 3Q18 to $227.1bn (RMB: 1.58tn, Brazilian Real: 883bn, Indian Rupee: 16.1tn, Russian Rouble: 15.3tn, Saudi Real: 852bn). HFR's Emerging Markets index had fallen 3.7 per cent in October alone.