Singapore Sees Increased Hedge Fund Interest In Asia, Itself

May 12 2011 | 8:04pm ET

Singapore is staking its claim as the hedge fund capital of Asia and the place to be for managers seeking to tap into the region's investment opportunities and growing wealth.

"We continue to see interest from fund managers as well as alternative investment managers, including global and indigenous hedge funds, which add diversity to the broader asset management industry," Ng Nam Sin, assistant managing director of the Monetary Authority of Singapore, told Bloomberg News.

The most recent global manager to pick the city-state as its base of Asia operations is Boston-based Sirios Capital Management, which recently registered to open an office in Singapore. Sirios joins industry titans such as Fortress Investment Group and Algebris Investments in taking advantage of Singapore's low tax rate and soft-touch regulatory approach, which makes it cheaper and easier to set up shop there than in its main Asian rival, Hong Kong.

Ng said MAS would continue to "enhance the ecosystem for fund managers" as more and more managers look to the region.

"Given the increased focus on transparency and risk management by investors post-crisis, both global and indigenous hedge fund managers continue to build up their mid-back office infrastructure, and scale up their operations to tap the burgeoning Asian market," he said.

"Over the next 12 months, we are likely to continue to see interest by hedge funds seeking to tap Asia as a source of funds as well as a source of excess returns," Ng added.


In Depth

Firm Focus: Sustainable Insight Capital Bullish On ESG

Aug 12 2014 | 9:18am ET

Bruce Kahn spent over 15 years as a research scientist/consultant on environmental...

Lifestyle

Viking Manager In Rent Dispute

Aug 11 2014 | 4:14am ET

A hedge fund manager is demanding most of his money back from his former landlord...

Guest Contributor

Majority Of Inflows Go To Brand Name Hedge Funds

Aug 12 2014 | 9:00am ET

Since the market correction of 2008, a vast majority of hedge fund net asset flows...

 

Editor's Note

 

Futures Magazine

PREVIEW July/August 2014 Cover

Inside Futures' 500th Issue

The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.

The Alpha Pages

TAP July/August 2014 Cover

Real talk on alternative investments, business & finance

The Alpha Pages Editor's Note