Hong Kong and Singapore have doubled in size as centres for the world’s biggest hedge funds over the past 12 months – at the expense of London and New York.
According to data due to be released today, the Asian cities are home to 18 hedge funds managing more than $1bn – an industry benchmark for success – compared with just 10 a year ago.
London is home to 63 managers running assets of more than $1bn, while New York remains the hedge fund industry’s leading centre, with 128. However, the two cities have continued to see their share of hedge fund assets slide.
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