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With fees under fire, funds cuts costs

They join platforms that help with everything from hiring administrative staff to handling compliance

SIGNS OF PRESSURE: This shift to using platforms is happening against an increasingly challenging environment for hedge funds, which had been struggling even before UK's exit vote from the EU sent markets tumbling.


WHEN Ruhong Huang's Hong Kong-based hedge fund crossed a key milestone after gathering US$100 million in assets, he made an unusual choice. Rather than continuing to go it alone, he decided to join a "platform" to help his firm with everything from hiring administrative staff to...

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