Singapore Hedge Fund Assets Double

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.


In Depth

GSAM’s Papagiannis on Liquid Alternatives

May 25 2016 | 5:07pm ET

The popularity of liquid alternatives strategies has blossomed in recent years,...

Lifestyle

From Modern Trader: Stephen Curry is a Black Swan

May 18 2016 | 7:43pm ET

What do the rise of the Internet, the sinking of the Titanic, 9/11, and Stephen...

Guest Contributor

LendingClub and the Question of Internal Hedge Funds

May 19 2016 | 8:42pm ET

Peer-to-peer lending platform LendingClub Corp. has been in the news since the firm...