Singapore unveils hedge-fund proposal
Hedge funds' choice of location is likely to come down to where they can find the right resources rather than regulatory issues, says lawyer Dennis Barsky of Jones Day in Singapore.
The Monetary Authority of Singapore yesterday unveiled a consultation paper that maintains an exempt fund manager-like status for hedge funds with assets under management of less than S$250 million ($184 million). They will be called 'notified fund management companies'.
The changes -- signalled by AsianInvestor last month and reflecting moves to tighten rules in Europe -- will no doubt fuel the debate over whether hedge funds setting up in Asia will choose Hong Kong or Singapore as t…
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