Forbes – Almost 20 percent of Asia’s hedge funds closed shop since the start of 2008 as a wave of investor redemptions and sharp losses amid the financial crisis took a heavy toll on the region’s once high-flying industry, a new survey said Monday.
At least 129 funds were shuttered in 2008 and 17 more in the first quarter of 2009, a study by London-based AsiaHedge magazine said.
