Straits Times – Asia will remain a hot spot for hedge funds – private investment funds which seek big returns through higher risk strategies – in the next few years.
And Singapore will continue to be a great place for such entities looking to profit from investments especially in South-east Asia and India. This is despite concerns about managing growth, attracting and retaining talent and regulatory changes, said Ernst & Young on Tuesday.
Said Mr David Sung, Ernst & Young’s Far East Area Leader of Global Hedge Funds: ‘We’re very positive about the environment here in the Asia-Pacific. More of our clients from North America and Europe are setting up shop here in Asia.’
‘I expect pretty good growth rates here in the next three to five years. The business growth will be quite explosive.’
