Does anyone out there know the Mandarin word for irony? Greenwich has gained an international reputation as a hedge fund mecca, and now the fledgling Chinese hedge fund industry is looking to the town as a model for its growing sector. – oer so the Stamford Advocate reports.
A delegation of more than 20 hedge fund operators, government officials and representatives of business organizations spent much of Monday visiting area firms and at a reception at the Stamford branch of the University of Connecticut, discussing their desire to establish a hedge fund community in FengXian, one of 18 districts that comprise Shanghai.
Greenwich could be the example that the Chinese want to emulate, according to Zhang Xiaosong, a member of the Standing Committee…. A seven-square-mile zone is being created in the district for the effort to consolidate hedge funds scattered across Shanghai's business district.
Seriously. Read more at:
http://www.stamfordadvocate.com/news/article/Chinese-look-to-Greenwich-to-model-their-hedge-1432577.php#ixzz1PwnEzzwo
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