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Warren Buffett of East Crashes Hedge Fund Party

Bloomberg – Asia has been good to hedge funds this year. The Eurekahedge Asian Hedge Fund Index climbed 4.2 percent in July, while funds in North America and Europe rose 2.1 percent and 1.9 recent, respectively. Preliminary reports show Asian funds are up 18.7 percent this year, compared with 13.7 in North America and 11.8 in Europe, according to Eurekahedge Pte.

The Singapore-based research firm’s findings may not be the tonic they appear — not if Hong Kong billionaire Li Ka-shing has anything to say about it.

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