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Tiger, tiger burning bright...

Asia's hedge fund landscape has many attributes, such as inefficient markets, profit-hungry managers and fund capacity, that first attracted allocators to the industry many years ago, reports David Walker

Asia has changed rapidly from an "interesting backwater of the global hedge fund industry" to a "critical source of new capacity and diversified opportunities," according to a recent report from Singapore fund of hedge funds group, GFIA.

The group noted the industry achieved "critical mass" in 2003 in terms of both size and number of managers, "and, in particular, the quality of start-ups."

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