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Asia Pacific fund woes won't end with Macquarie

Discussion in 'Shares' started by Tropo, 8th Aug, 2007.

  1. Tropo

    Tropo Well-Known Member

    17th Aug, 2005
    Asia Pacific investors should prepare themselves for further fund blowups after Macquarie Bank became the third Australian money manager in less than a month to warn of heavy losses on bad bets from credit markets. And odds are good that the next victim will once again surface in Australia, whose more developed hedge fund industry is also more exposed to the global credit market squeeze than its Asia Pacific peers.
    Outside Australia, Asian fund managers are exposed to Asian equities and not the U.S. credit market. However, in Australia some more skeletons may come to light," said Marc Faber, managing director of Hong Kong investment advisory firm Marc Faber Ltd.

    Asia Pacific fund woes won't end with Macquarie | News | Funds | Reuters