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Matthias Knab reports from Singapore: Peter Douglas, chairman of AIMA Singapore, explained at an AIMA hedge fund seminar in the city state that according to research from Eurekahedge and GFI, the decision centers for Asian strategies have moved to the region with London, New York losing out:

HK and China: 177 Australia: 129 UK: 121 Singapore: 97 Japan: 77

Douglas continued giving a brief overlook over the regional developments, where Japan would currently stand out as „the big opportunity“, with a rapid increase in indigenous strategies. Hedge funds are usually run predominantly former, experienced managers, but also second generation managers are entering the field.

Comparing regional powerhouses Hong Kong and Singapore, Hong Kong would havean edge over Singapore due to China flows and edge in China strategies, resulting in larger asset pools, whereas Singapore would remain a “knowledge center” with a large English speaking population. Going forward, the growing Singapore private banking industry may cause shifts in those asset pools. The proximity to India means the city state is enjoying an edge in this field.

Douglas says China is threatened by a typical emerging market bubble. Australia profits from a strong domestic demand driven by a highly sophisticated professional environment. While the majority of hedge funds fall into the 10-50m category (229), over last year, the number of billion dollar fund has grown from 12 to 27......................

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