BusinessWeek- Lee Shyan-Yuan, one of several commissioners at Taiwan’s Financial Supervisory Commission (FSC), believes attracting hedge funds to the market would be a smart move.

He is courting hedge funds to invest in Taiwan and raise money from investors in that market. That’s a bold move from a regulator, considering that many of his peers in other markets in Asia have not yet fully embraced hedge funds; some even still consider them the enemy.

Hedge funds, after all, have been blamed—justifiably or not—at least in part for some of the difficult periods in Asia’s financial markets, most notably the regional financial crisis beginning in 1997.

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