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From Kirsten Bischoff, Opalesque New York:

While a performance stumble in May and tight asset raising conditions may lead some to predict a bleak future for Asia funds, others are confident that the growth engine of the Asia Pacific region will eventually drive assets into the hedge fund industry. In addition to a boost from large firms extending tentacles into Asia (Fortress), and even some smaller fund launches (such as the recent announcement from a group of Goldman and Barclays alum), regional regulatory agencies are doing their best to support industry growth.

"In terms of proposed changes to the Asian regulatory landscape for hedge funds, the Monetary Authority of Singapore is planning to abolish the licensing exemption which to date has been available to smaller managers in Singapore and will, amongst other requirements, impose a minimum capitalization requirement of S$250,000 on those managers," Anne Marie Godfrey, Partner at law firm Bingham told Opalesque. Godfrey recently joined Bingham's Hong Kong offices, as part of a build out of the firm's Investment Management group.

While the Asia Pacific markets are expected to offer vast opportunities as growth engines of the world, managers located in Asia have found it difficult to raise assets, both within their own region and around the globe. One of the ......................

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