Saturday, 25 April 2015
Last updated 19 hours ago
Jul 24 2008 | 9:42am ET
Singapore’s bid to displace Hong Kong as Asia’s major hedge fund center is picking up momentum, as hedge fund assets managed in the city-state soared last year.
Singapore-based hedge funds managed about S$80 billion (US$58.8 billion) at the end of 2007, double what they managed a year earlier, the Monetary Authority of Singapore said. The booming hedge fund industry helped Singapore’s asset management industry grow 32% to S$1.17 trillion (US$862 billion).
The number of hedge fund firms in Singapore is also up, by more than 50%, to almost 300.
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…