Industry Analysis

Learning the lessons of 2008

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The breakdown of the cosy relationship between hedge funds and prime brokers was just one result of last year's upheaval, which also affected fees, redemptions and the retention of talent

As the Asian hedge fund industry braces itself for a long period of rationalisation ahead, even managers who emerged relatively unscathed from 2008 will be asking themselves some searching questions about what lessons they can learn and put into practice this year. Apart from changes to asset management, there is much talk of a new paradigm for the industry as a whole, with a complete re-think of relationships with