According to Douglas, Asian markets are more informationally-inefficient because most investors there are of the non-professional persuasion. Douglas says that hedge fund managers often end up trading alongside individual investors, not large pensions and mutual funds as in North America.
Thursday, February 05, 2009
Hedge funds (2)
All About Alpha gives a great overview of the latest thinking on hedge funds. There is a huge amount here about difficult times. One interesting point: