A new global centre emerges
Singapore arrives as a major hedge fund
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