Friday, 6 March 2015
Last updated 1 hour 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.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…