What's hot and what's not

Fund of hedge funds GAM''s investment manager, Kier Boley, gives his take on the industry''s winners and losers.

Kier Boley is a London-based investment manager at GAM, a large fund of hedge funds manager and one of the investors in failed Aman Capital of Singapore. Here he fields questions about what went wrong, as well as discusses major trends in the hedge fund world.

How has the Asian hedge fund industry developed since GAM started investing here in the late 1990s

Boley There are two models Asia's hedge fund industry could have followed, the US model or the European model. The European model is more favorable to investors, and offers better transparency and liquidity. Asia probably followed the European model because most of the...

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