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.<\/p>\n
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.<\/p>\n
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.’<\/p>\n
‘I expect pretty good growth rates here in the next three to five years. The business growth will be quite explosive.’<\/p>\n