Hedge fund redemptions slowed in October after spiking to a five-year high the month before, according to the Barclay Fund Flow Indicator.

Barclay said the redemptions from hedge funds hit $20.7bn (-0.7% of assets) in October, a month after outflows surged to a five-year high of $39.1bn (-1.3% of assets).

Hedge fund industry (excluding CTAs) assets sank to a