(Reuters) China’s hedge fund industry has been thrown into disarray as managers rush to comply with stringent new rules, introduced overnight, that could see over half the industry shut down by August, fund managers and lawyers told Reuters. Domestic and foreign hedge fund managers are scrambling to secure legal advice, hire qualified staff and launch new products in a bid to save their licenses after the regulator threatened last month to close down around 17,000 “phantom” fund managers as part of a broader government financial sector crackdown.
Chinese Hedge Funds Scramble as Regulators Clean Up ‘Wild East’
This entry was posted in Syndicated. Bookmark the permalink.
