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Alternative Market Briefing

Asia offers great opportunities and Singapore could be next hub for wealth management

Monday, June 04, 2012

amb
David Dredge
From Precy Dumlao, Opalesque Asia:

The Asian markets offer great opportunities, as well as a unique market set with all sorts of investment opportunities. It also provides a place where hedge fund managers can apply many different strategies across various businesses. These were the agreed sentiments of hedge fund managers who attended the latest Opalesque Singapore Roundtable held in early May.

More importantly, the hedge fund managers also envisage Singapore as the center for wealth management in the near future.

The Opalesque Singapore Roundtable was sponsored by Eurex and SunGard discussed the type of investors who preferred Singapore hedge funds.

David Dredge, who is the representative of diversified global investment management firm Fortress Investment Group in Singapore and Co-Chief Investment Officer of the Convex Strategies, said,"Fortress does have a growing presence in Asia. We have a decent sized business in Tokyo and offices in Sydney, Hong Kong and Shanghai. Singapore has expanded significantly in the last year. Adam Levinson, who is the Co- CIO of the Fortress Macro Fund and the CIO of the Fortress Asia Macro Fund, came here at the beginning of last year and has been building out the office since the......................

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