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Singapore Chips Away at Hong Kong’s Hedge Fund Dominance

  • Singapore offers ‘prime springboard’ for India, Southeast Asia
  • Hedge fund assets in the city state jump 30% in a year

Singapore is cementing its status as a regional hotspot for hedge funds, with the number of firms expanding from Hong Kong to the city state tripling in the past three years.

At least 16 firms already operating in Hong Kong added a Singapore office between the start of 2019 and end of 2021, compared with just five in the previous three-year period, according to a Bloomberg News analysis of regulatory and business registry data in both financial hubs.