Hedge funds bitten by the Indonesian beast

By Simon Osborne | 8 July 2009
Keywords: hedge funds
Subscriber Content Preview.
Subscribe now for full access or call us now on +852 2122 5222.

‘New’ Indonesia looks a whole lot like ‘Old’ Indonesia. CQS, Marathon, Highbridge and GLG are understood to be suffering woes at Indonesia’s latest reversion to type.

Once upon a time, Indonesia had a reputation for sharp practise. However, the balloon of epiphany went up after the Asian economic crisis of the late-1990s. The gatekeepers of Indonesia realised that, in business, their old game was up, and in order to obtain foreign investment, they would have to play fairly and decently. They did just that and everyone lived happily ever after.

It makes a nice fairytale ending, but who really is that lying in the bed of Little Red Riding Hood's granny? And why does granny have such big teeth?

Hedge fund investors are finding the wolf ...

To continue reading this article, subscribe now or call us now on +852 2122 5222.
You need a subscription to view this article
Articles older than 48 hours are available to subscribers only.

Log in below or buy a subscription to enjoy unlimited access to AsianInvestor.net's quickly growing 7,000 article database.
 
 
 
Polls
Which will be the best performing asset class in 2010?




   |   View results
Equities/credit
  43%
 
Sovereign fixed-income
  11%
 
Volatility/high-frequency trading
  30%
 
Illiquids
  2%
 
Cash
  14%
TOTAL VOTES: 44

 
Magazine
Asian Investor Magazine
AsianInvestor
February 2010