Hedge Funds

AIMA defends hedge funds after Money Post attack

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Christophe Lee, the chairman of the Alternative Investment Management Association in Hong Kong, says the hedge fund industry now provides thousands of local jobs in the city and plays an important part in its role as an international asset management centre.

Lee issued the statement after taking issue with an August 13 article in the Money Post by Hans Schlaikier entitled ‘Behind the hedges’.

Lee said the article contained misconceptions about hedge funds and was mistaken in its main assertion that hedge funds exist only to deliver absolute returns.

“Investors allocate to hedge funds for many reasons, including