Friday, 21 November 2014
Last updated 12 hours ago
Mar 9 2010 | 3:41am ET
Singapore seeks to become a major hedge fund center, and is planning its own Greenwich or Mayfair to attract alternative investment firms and professionals.
The city-state’s JTC Corp. is touting Nepal Hill, a 15-minute drive west of downtown Singapore, as the perfect place to run a hedge fund, Bloomberg News reports. “Nepal Hill has been chosen for its unique ambience of black and white architectural heritage amid the key research clusters, and these bungalows nestled in lush tropical foliage will be the ideal setting for office for the alternative investments,” the JTC and Monetary Authority of Singapore crowed in an e-mailed invitation to hedge fund managers.
Those bungalows housed British military personnel when Singapore was part of the British Empire. The 180-hectare area will be developed over the next two decades, the JTC said.
The neighborhood is part of Singapore’s “one-north” development, which already features the city-state’s biomedical research center. It’s also near the Rochester Park dining area.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
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