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From Precy Dumlao, Opalesque Asia:

Singapore provides good weather, comfortable lifestyle, friendly regulatory regime, transparency and excellent geography that makes it a perfect place to set up a hedge fund, so said participants in the recent Opalesque Singapore Roundtable.

“It is a combination of those things… The legislative environment works because you are not really talking about it; regulation works best when it is in the shadows, ready to fall upon you with great weight when it needs to - that is the way it works in Singapore. Also geographically Singapore is very well positioned for running a regional strategy and that is what many of the funds here are doing,” declared Lampros Vassiliou, Managing Partner of Teak Capital Partners, a specialist in special situations investments with a focus on private debt opportunities in either distressed or event driven situations.

Dermot Butler, Chairman of the global fund administrator Custom House Group, agrees with Vassiliou. While Butler hinted that Hong Kong may still be the center of the hedge fund business in Asia because of China, Singapore has been the choice of business by lots of funds at the expense of Hong Kong.

A successful hedge fund manager’s wife will want to be in Connecticut, Fulham or in Singapore, Butler s......................

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