DBS adding hedge funds in HK, Singapore

Singaporean bank DBS is expanding the number of hedge funds on its recommended fund list  in Hong Kong, taking the view that wealthy investors will be more receptive to such strategies to obtain alpha this year. The Hong Kong team will be selecting from a universe of hedge funds already approved by the centralised due diligence team headed by Pierre DeGagne in Singapore, which is reviewing the entire hedge fund list with a view to adding more. DBS aims to add two to three more h…