The interests of investors and asset managers are difficult to align
The capital instruments introduce a range of risks that are frequently misunderstood
After an era of cheap money, it’s not just the quantum of debt in the system that could be a problem
The impact of devaluations on trade, corporate earnings, prices and capital flows might now be more nuanced
A shadow economy is emerging in which asset managers can bypass many regulatory requirements and the greater scrutiny of listed assets
Assets are not the same as actual funds — especially in volatile times like these
Well-intentioned moves to safeguard the financial system have led to new vulnerabilities
The rush into the sector was predicated on the continuous availability of cheap capital
Bilateral trade at risk from slowdown in Asia’s biggest economy and political tensions between the countries
As the country faces an election, it is increasingly reliant on housing and mining for growth
Systemic problems around the use of collateral in trading remain
