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Asia - Singapore plans Greenwich-style hedge-fund area at Nepal Hill,Are Asia-specific hedge funds scalable?, Sichuan hedge fund won approval on trading accounts for coming index futures, Can hiring of Zhu Changhong help China resolve the problem of holding too much USD-denominated foreign reserves?, BlackRock's Doll says China stocks are not a bubble, sees gains

Friday, March 05, 2010

Singapore plans Greenwich-style hedge-fund area at Nepal Hill From Bloomberg.com: Singapore is planning to create its own hedge-fund capital modeled after Greenwich, Connecticut, in a cluster of ex-British army homes called Nepal Hill, a 15- minute cab-ride from the city-state's main banking district.

The Monetary Authority of Singapore and JTC Corp. -- the government agency developing and marketing the project in Nepal Hill -- quietly asked hedge fund managers in January to visit the district's so-called black-and-white bungalows, named for their white-washed walls and dark timber frames, according to a copy of the invitation obtained by Bloomberg News... Full article: Source

Are Asia-specific hedge funds scalable? From Hedge Fund Hotel Hawaii: Are Asian funds really scalable? By scalable, I mean can they grow to +$10 billion organizations in the same way as a Tudor, Caxton, Millenium, D.E. Shaw, Citadel or Winton? This is the $46,000 question that faces the bulk of managers in the region and the hard reality is no.

Once the hedge fund is up and running with $100 million or so in assets, the real test moving forward is whether the strategy or strategies are sufficiently "deep" to enable growth of those assets to the $250-400 million barrier. Can the manager still make 1-2% effectively net of fees every month? Is that even realistic? I......................

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