By Neil Wilson
It's been one hell of a rollercoaster ride in the past year for hedge funds in the Asia-Pacific. Average performance in 2008 was by some distance the worst among the major hedge fund regions, and a higher proportion of Asian funds have been forced to close down - with about 20% of them disappearing from the AsiaHedge database in less than 18 months.
Asian markets have of course been through huge boom-and-bust cycles before - and it seems almost characteristic for markets in Asia to turn around in a heartbeat. So, although it may be highly