{"id":8678,"date":"2008-09-23T00:00:00","date_gmt":"2008-09-23T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"crisis-to-spur-big-asia-hedge-fund-shake-out","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/09\/2008\/crisis-to-spur-big-asia-hedge-fund-shake-out.html","title":{"rendered":"Crisis to spur big Asia hedge fund shake-out"},"content":{"rendered":"<p>Reuters &#8211; Asia&#8217;s hedge fund industry, one of the world&#8217;s worst performers even before the latest surge in volatility, will see a major shake-out as the global financial turmoil shuts down a huge swath of managers.       <\/p>\n<p>Few in the industry will guess at how many of an estimated 1,200 Asia-Pacific-focused hedge funds will fold in the months ahead. But higher losses and rising redemptions suggest things will be proportionately worse than for U.S. and European funds, they warned.<\/p>\n<p>&quot;This is a watershed for the industry &#8230; a lot of players are not going to be here by early next year. Those with high leverage and many smaller players will be gone,&quot; said Low Jeng-tek, the Asia head of UK-based fund of hedge funds manager Gems Advisors, which oversees more than $7 billion.<\/p>\n<p><strong><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.reuters.com\/article\/ousiv\/idUSTRE48M4MG20080923\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reuters &#8211; Asia&#8217;s hedge fund industry, one of the world&#8217;s worst performers even before the latest surge in volatility, will see a major shake-out as the global financial turmoil shuts down a huge swath of managers. Few in the industry [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[117,95,2075,923,417,236],"class_list":["post-8678","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-investment-arm","tag-merrill","tag-private-banking","tag-squeeze","tag-staffers","tag-trillion"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8678","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=8678"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8678\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=8678"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=8678"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=8678"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}