Big players enhance attractions of Asia

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About a year ago, I argued in this column that the Asia-Pacific region was probably the most exciting place in the hedge fund world - and nothing that has happened in the past 12 months has changed my view.

Markets across the region have, admittedly, been mixed over the intervening period, with Japan stuttering after a strong rise in 2005, and India being particularly volatile. This has been offset in the ex-Japan markets, however, by the ongoing "Greater China" story - as highlighted most recently by the blockbuster initial public offering of the big Chinese bank ICBC.

According to surveys