Bloomberg – Managers of long-only funds in Singapore that invest mainly in Asian stocks are winning client money, shrugging off difficulties in raising capital faced by smaller hedge funds in the region.
Assets under management of such funds in the city-state that manage less then $500 million surged 410 percent to about $990 million from the end of 2010 through November, according to an estimate by research firm GFIA Pte. That compares with a 72 percent increase for all long-only funds focused on Asia, according to data provider Eurekahedge Pte. Firth Investment Management Pte and Lumiere Capital Ltd. are among those that are seeing increased interest, the managers said.
