A look at Asian hedge funds' boom/bust cycles.
By Neil Wilson
According to many commentators, the world stands at the threshold of a historic transfer of power—as the "American century" just gone gives way to the "Asian century" ahead. These experts may well be right and the engine of world growth will move from the debt-ridden western consumer over to the young and thrusting economies of the East. But the process certainly seems to be a volatile one, and this is apparent nowhere more than in the hedge fund business, where the Asian market only seems to operate on