Chinese Fund Manager Crackdown: Government Wants To Halve Industry By August

An anticipated Chinese fund manager crackdown could pare the herd of hedge fund managers by this August. Over 1/2 or more of all Chinese hedge fund managers are expected to close their doors as new regulations in the region seek to tame a “Wild East” environment is “rife with fraud,” phantom hedge funds and shadow lenders. As Chinese hedge fund managers swell to near the same level as global offerings, a Chinese fund manager crackdown could bring balance and reduce fraud, the government hopes Chinese hedge fund launches have been swelling amid loose regulatory standards, as we have reported in…