Algebris, Soros Join Hedge Funds in Raising Bets on Asia

Algebris, Soros Join Hedge Funds in Raising Bets on Asia

Munshi Ahmed/Bloomberg

Singapore is set to become the second-largest global asset management center by 2025 after New York, with the growth in public and private capital available in Asia and more regulation in the U.S. and Europe, PricewaterhouseCoopers LLP said in a report last year.