Asian Hedge Funds Live Shorter Lives But More “Fulfilling” Ones

The rapid growth of Asian hedge fund firms has been accompanied by lower management fees and shorter life cycles, according to a new research report.

[buffett]

China's transformation into one of the world's economic superpowers over the last three decades has created trillions of dollars in wealth around the world. China's economy has been the primary beneficiary of the growth but other regions such as Hong Kong and Singapore, as well as other Asian nations, have also benefited significantly. The development of China's financial system has been a critical part of the country's growth process. Freeing up capital markets and allowing capital to get where it's needed most, along with allowing ordinary citizens to invest, as the state has taken a...