Wednesday, 17 December 2014
Last updated 7 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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.