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

Fund Manager's Disease: Common Symptoms and Proposed Remedies

May 3 2016 | 6:11pm ET

The cadre of 25 research analysts at Murano Systems speaks with more than 150 investors...

Lifestyle

Point72's Cohen Donates $275M To Veterans Mental Health Network

Apr 6 2016 | 8:31pm ET

Billionaire hedge fund manager Steve Cohen has formed a non-profit aimed at treating...

Guest Contributor

Agecroft: Why NYCERS Should Reconsider Exiting All Hedge Funds

Apr 18 2016 | 5:51pm ET

The recent decision by the New York City Employment Retirement System to exit its...