Saturday, 18 April 2015
Last updated 2 hours ago
Sep 24 2012 | 2:13pm ET
Asian hedge funds grew by 2.5% in the first half as Hong Kong solidified its status as the region's hedge fund hub.
Hedge funds in the region now manage US$144.09 billion. Nearly one-third of that total is managed out of Hong Kong, while the Chinese city's main competitor, Singapore, actually saw its combined hedge fund assets fall, AsiaHedge reports. Hong Kong now boasts hedge funds with US$47.06 billion to Singapore's US$19.77 billion. Japan's hedge fund industry contracted by 41% to an all-time low of US$5.72 billion.
More and more Asian hedge fund assets are actually managed in the region now, as well. Nearly 78% of Asia-focused hedge fund assets are now based in the region.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…