atans1

Update on S’pore as hedgie home

In Economy on 06/06/2012 at 6:21 am

Smaller Asian hedgies are closing (US$120m is “peanuts”). http://www.reuters.com/article/2012/06/04/lehman-hedgefund-closure-idUSL3E8H420G20120604

Not gd news for S’pore’s financial centre aspirations. It once (pre 2007 crisis) had lax rules to get these guys in, hoping they would grow.

But hope springs  eternal. 

Coming our way? Many of  funds in Switzerland had juz relocated from London. But now the Swiss government is considering rules that would turn a relatively “light-touch” regulatory environment into “one of the most exacting jurisdictions in the world to run a hedge fund,” the Financial Times reported about two months ago.

Funny that our constructive nation-building media don’t report this news. Been too busy sliming WP, to report on a possible positive development.

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  1. Just imagine if a former staff says that he has no confidence with his former MEDIA company this will tell to report or not to report any news which they consider not favorable

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