Hedge Funds being driven out of business .....lesson from KOSPI

Snapshot Summary
-------------------------
. KOSPI plunge 16%
. Vulnerable to external shocks
. As KOSPI is 1/3 invested by foreigners
. And economy is export dependent.
. To reduce volatility & destructive hot money
. Basically hedge funds & Speculators
. Short sellers.
. Instead of outlawing Hedge Funds
. Governments are basically driving them out of business.
. As era of super credit cycle comes to an end.
. Introducing restrictive practices.
. Like Tobin Tax for cross currency flows.
. Creating alternative investment category like Infrastructure Funds
. Even Soros succumbs , liquidate his hedge funds.....
. Therefore the rhetorics recently from this man....

http://www.koreatimes.co.kr/www/news/biz/2011/08/123_92704.html