Singapore More Attractive To U.K. Hedge Funds Than London

Aug 30 2012 | 11:18am ET

London’s status as a major hedge fund center may be in jeopardy, according to a new poll of British industry players.

Asked where they’d most like base their operations, 462 U.K. investment bankers and hedge fund managers picked Singapore more often than either London or New York. Indeed, 31% told Astbury Marsden that Singapore is the most ideal location, followed by New York at 20% and their own capital, London, at 19%. Indeed, London only narrowly beats out Hong Kong and Dubai, named by 16% and 15% of respondents, respectively.

The recruitment firm pointed to the higher pay and favorable tax and regulatory structures of the city-state.

“In recent years, Singapore has become increasingly competitive in terms of enhancing infrastructure, international trade links, pro-business regulations and massive capital market,” Rivkin Operations’ Satish Bakhda said.


In Depth

Q&A: Fund Administration Comes To The Cloud

Jul 14 2017 | 7:23pm ET

The fund administration sector has been steadily implementing new technology, such...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Rastegar: PE Real Estate Gains Momentum as Uncertainty Rises

Jul 21 2017 | 6:04pm ET

The steady march of equity markets and fundamental shift in the direction of Fed...

 

From the current issue of