, Singapore

Singapore hedge funds beat Asian competitors with 2% growth

The industry banked on strong India stocks.

Hedge funds in Singapore outperformed their Asian rivals, returning 2% from January to July 2016. This is thanks to a diversified hedge fund industry in the city-state.

According to data provider Eurekahedge Pte., Singapore has more funds with a global mandate or an India focus unlike the hedge funds in Hong Kong and Japan which invest in Chinese or Japanese stocks, where markets plunged this year.

India’s benchmark S&P BSE Sensex Index has rallied 9.4 percent this year, compared with a 13 percent decline in China’s CSI 300 Index and a 15 percent slump in Japan’s Topix index.

Read Bloomberg's full report here.

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