Hong Kong, Singapore, Brazil Grow As Hedge Fund Centers

Oct 13 2010 | 1:18pm ET

They're not quite challenging New York for the title of world hedge fund capital, but a quartet of cities thousands of miles from the Big Apple are starting to stake their claims.

The number of billion-dollar hedge funds has grown by 50% in Hong Kong and Singapore, from 10 to 15, according to Hedge Fund Intelligence. Brazil, too, is an increasingly hot hedge fund center, with São Paulo and Rio de Janeiro now counting five hedge fund managing more than US$1 billion, up from just one at the beginning of the year.

New York remains the unquestioned giant of the hedge fund world, with 124 billion-dollar managers and 46% of all billion-dollar hedge fund assets. Still, that’s down from 47% last year.

Meanwhile, despite the threatened exodus from London to flee higher taxes and tougher regulation, London's share of the billion-dollar club has actually grown to 15.5% from 14.8%.


In Depth

Fundraising for Mid-Sized PE Funds: Should You Use a Registered B/D?

Dec 6 2016 | 7:18pm ET

When does a fund sponsor need to use a registered broker/dealer when raising capital...

Lifestyle

Trump Attends 'Villains and Heroes' Costume Party Dressed As...Himself

Dec 5 2016 | 11:16pm ET

U.S. President-elect Donald Trump attended a "Villains and Heroes" costume party...

Guest Contributor

A Hard Look At Your ‘Soft’ Hedge Fund Marketing Information

Dec 8 2016 | 9:03pm ET

Conventional wisdom holds that due diligence examines quantitative as well as qualitative...

 

From the current issue of

Since the inception of Modern Trader, a core editorial theme has centered on the wisdom and power of crowds. Editorial emphasis has focused on companies and projects engaged in the collection and analysis of information. 

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR