Hedge Fund Assets Double in Singapore
Business Also Going Gangbusters in Hong Kong
August 6, 2008
Hedge funds are enjoying tremendous success in Hong Kong and Singapore, with the number of managers and assets under management going through the roof, according to data from Hong Kong’s Securities and Futures Commission and Singapore’s Monetary Authority.
Assets under management in Singapore hedge funds have doubled from a year ago to nearly $55 billion, with the number of hedge fund shops increasing by 50% to 300.
Assets in all types of investment products in Hong Kong are up 56.5% to $1.2 trillion, while they are up 32% in Singapore to $814 billion.
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