China's So Hot, Even Burton "Random Walk" Malkiel Is Starting A Hedge Fund To Go Long

burton malkiel

This is a great sign of just how smoking hot China has become.

Burton Malkiel, the author of A Random Walk Down Wall Street, and a huge critic of active portfolio management, is starting a long-only China-focused hedge fund, according to FinAlternatives (via PragCap).

The fact that he’s doing this — apparently in contravention of the gospel he preaches — is a sign of just how big a lure the China moneypot is to everyone

It’s still tiny, with just $30 million, but with a famous name, and a hot country, it should have a good shot at growing.

But anyway, are we to presume that efficient markets don’t apply in China like they do here, and that it’s worth paying high fees for the ability to go long only the Shanghai market?

Don’t miss: The 10 US states that will be murdered when the China bubble pops >

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at