Emerging markets: Look before you reap
Devarajan Mahadevan 14 July 2011

A top hedge fund, Paulson & Co, has lost some $720 million in a Chinese paper-tiger stock, Sino-Forest

Afew months ago, we wrote about how hollow Chinese companies dubbed ‘fraudcaps’ are doing reverse listing on the New York Stock Exchange—right under the nose of the US market regulator. Now, a top hedge fund manager John Paulson has been taken for a royal (Chinese) ride by such a fraudcap. Mr...

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