A tale of two cities - should you register in Hong Kong or Singapore?

While Hong Kong may be seen as the more active of Asia's centres for hedge fund authorisation, Singapore last year pipped Hong Kong at the post by having 19 hedge fund start-ups launch, against Hong Kong's 13

As assets managed by hedge funds globally pass the $1trn mark, voices of the rational shadows whisper that the industry is due for a market correction.

Yet fears of a bubble in the industry may be unfounded, at least from an Asian perspective, which many see as an emerging opportunities-rich sector essentially catching up with US and Europe in terms of strategy sophistication and market deployment.

As Western hedge fund markets mature and performance rates dip, the wave of interest in Asia rises

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