Views differ on hedge funds
Article Abstract:
The growth of the hedge fund market in Asia has been hindered by the apprehension of international investors to participate in the once risky and volatile securities sector. After the collapse of Long-Term Capital Management LP, investors have raised concerns over the stability of the Asian market. Such an apprehension was further aggravated by the downfall of Malaysian and Hong Kong stock markets during the early 1998, which triggered massive speculative attacks on hedge funds.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1999
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Study uncovers fund fees; firms in Hong Kong levy a variety of charges
Article Abstract:
London, UK-based consultancy firm Fitzrovia International Ltd has released a report which revealed that Hong Kong fund companies charge a number of fees, many of which investors are not aware of. The report indicated that the real charges on stock funds sold in Hong Kong vary between 0.82% to 7.33% and that the average annual total expense ratio is 2.31%. This much larger than the funds' common annual management fee of 1% to 1.5%.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
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