Hedge Funds Trade Autonomy for Partners Amid Cash Drought

``Asia's smaller hedge funds are sacrificing autonomy for organization to help share costs and meet stricter risk standards demanded by investors in the aftermath of Lehman Brothers Holdings Inc.'s bankruptcy and Bernard Madoff's ponzi scheme. At least 10 firms in Asia are now offering services such as trade execution and office support, taking a cut of the manager's revenue or equity in the fund. ''