Miami Herald – Nearly two-thirds said they had lost 70 percent of their investments or more, according to the survey by the Shanghai Securities News, a newspaper affiliated with the stock exchange.
Many Asian hedge funds, meanwhile, took a drubbing and closed shop by the dozens, with their traditionally long bets on the markets’ moves souring amid the furious sell-off.
Whether 2008’s lows, reached mostly in October and November, hold in 2009 is a matter of debate.
