By Grace Ng

NO ONE knows where the next domino will fall amid this financial crisis but the US$2 trillion (S$2.9 trillion) hedge fund industry looks as good a candidate as any.

There has been an exodus of money from the funds in recent weeks, raising fears the industry may collapse.

But no one is talking about a US$700 billion bailout for these guys. No one will be shedding tears if a run on even the biggest 'hedgie' kicks in.

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