Overview: A new global centre emerges

Thu Jul 19, 2007



A new global centre emerges

Singapore arrives as a major hedge fund centre





The Singapore hedge fund industry has finally arrived. After a slow and steady build-up over the past few years, the assets of locally headquartered hedge funds managed from the city state have really taken off over the past year.

According to the AsiaHedge survey at the end of 2006, the figure has effectively more than doubled from less than $8 billion to nearly $17 billion by mid-2007. And this does not include several billion dollars of additional assets managed in long-only absolute return vehicles and by the local offices of global fund groups. If included, this would take that total to well over $30 billion.

Singapore remains the smallest of the major hubs for Asia-Pacific hedge funds – and will also doubtless still have to fight hard for its share of a fast-growing market in the coming...

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