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

Humble in Hofstra...One Debate an Election Can Make

Sep 26 2016 | 10:20am ET

Tonight's U.S. Presidential debate, infamously coined the “Humbling in Hofstra...

Lifestyle

Quattrex Sports AG Debuts Soccer-Focused UCITS Fund

Sep 9 2016 | 9:54pm ET

Innovative alternative investment company Quattrex Sports has unveiled a new UCITS...

Guest Contributor

Malik: The Ever-Changing Middle Market and The Entering Class of 2016

Sep 2 2016 | 5:01pm ET

Deal sourcing and origination is only going to get more competitive given current...