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Robert Welzel Benedicte Gravrand, Opalesque Geneva:

Hong Kong and Singapore remain the two most competitive jurisdictions in terms of attracting funds and fund managers, according to InsightLegal Asia Consulting. In Singapore in particular, a hedge fund manager can expect:

• Excellent tax and regulatory incentives for fund managers (in stark contrast to the EU’s taxation juggernauts and counterproductive AIFM Directive);
• Efficiently and more clearly regulated, Singapore has avoided following the international licensing and capital unfriendly regulatory trends (also in stark contrast to HK’s blunt CIS regime that fails to distinguish between hedge funds and mutual funds for licensing purposes), thereby providing faster access to the market; and
• The MAS proactively promotes Singapore as a hedge funds hub, without over-burdening start-ups with excessive licensing and other regulatory hurdles.

But how do Singapore-based fund managers view overseas regulations? According to participants at the recent Opalesque Singapore Roundtable, the regulations may bring in some marketing opportunities but setting up an onshore structure, in, say, the European Unio......................

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