Singapore Attracts Global Hedge Funds

May 12, 2011 James Heinsman Hedge Fund News

Singapore has become a hotspot for global hedge funds that seek to utilize Asia’s recent economic development.

Ng Nam Sin, assistant management director at the Monetary Authority of Singapore wrote: “We continue to see interest from fund managers as well as alternative investment managers, including global and indigenous hedge funds, which adds diversity to the broader asset management industry.”

Singapore currently has as many successful entrepreneurs as Europe, and hopes to increase alternative investment options like hedge funds, as well. Global managers like Fortress Investment Group LLC and Algebris Investments LLP have already made camp on the island.

“Asia is a region which has and continues to attract significant capital, and hedge funds will follow the movement of capital globally. Over time, more managers will look at Asia as a place to establish themselves,” said Tim Rainsford, Man Investment’s Hong Kong-based managing director.

Asian Economy, Global Hedge Funds, Hedge Fund Industry, Hedge Funds, Singapore,

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