In the early 1990s, South East Asia was the Mecca for long-only investors as the Tiger economies bared their teeth and sent the region's illiquid markets skywards.
As the Thai baht devalued in 1997, foreign investors fled in droves as the region's stock markets melted down in a matter of weeks. Asia could prove a magnet again in the coming months, this time for hedge fund distributors, as regulating authorities in various countries open the alternatives industry for the first time to a retail
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