Hedge Fund Industry's Asian Contagion
Many funds opened in Asia last year after the economy hit the skids.
Henry Stokes
April 20, 2009
A man walks by an electric market board in Tokyo, Thursday Oct. 30, 2008. Asian stock markets rallied Thursday, led by a 12 percent jump in South Korea, after the U.S. Federal Reserve slashed interest rates to help revive the world's largest economy and opened new credit lines with central banks. Every major index advanced, with Japan's Nikkei 225 stock average gaining 8.4 percent to 8,897.19 as exporters like Toyota and Sony got a boost from the yen continuing to retreat from a 13-year high against the dollar last week. (AP Photo/Katsumi Kasahara)
KATSUMI KASAHARA/AP
