Aradhna Dayal: There seems to be wide
avail¬ability of domestic pools of capital for hedge funds
in Singapore, including the GIC, Temasek and the local
universities. Is that a criterion when setting up in Singapore?
|If anyone had come to Singapore with the thought that
it might help them to raise money from the Singapore
institutions, they would have been bitterly disappointed
Danny Yong: The pool of available capital
is actually more attractive in Hong Kong because, other than,
say, PAAMCO, the bulk of funds of funds and institutional
investors are over there. As for the
sovereign/government/university endowment investors in
Singapore, we've seen some, but I wouldn't say that this is a
deciding factor for being in Singapore.
Steve Diggle: I think Singapore has surplus capital but it
has not really been a thought leader in terms of how that was
used; in a...