Hedge funds told to evolve in post-QE world
There's still value for investors in seeking the 'mini Warren Buffetts', but they have to contend with many hedge funds not worthy of the name, argued panellists at an AsianInvestor forum.
If Asia's hedge fund industry is not to be overwhelmed by a tide of mediocrity, it must be scaled down to comprise only managers that can deliver true alpha and deserve a performance fee, AsianInvestor's 7th annual Southeast Asia Institutional Investment Forum heard.
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