Singapore-related hedge fund industry news
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12 Aug 2008
The CME Group will host a presentation for hedge fund managers and investors featuring
Michael Coleman of Aisling Analytics in Singapore on Sep 18.
J.P. Morgan will host a hedge fund investor event featuring Paulson & Co and Horizon in
Singapore on September 16
11 Aug 2008
Lincoln Valentine, a hedge fund analyst for fund of hedge funds shop RMF in Singapore and
Tokyo for the past four years, has left the firm.
6 Aug 2008
The much talked-about launch of former Merrill Lynch investment banker Dow Kim’s hedge
fund firm Diamond Lake Investment Group seems to have been shelved forever following
the failure of its seed investors to pay up. The firm, which also planned to have a Singapore
office, was initially expected to have launched with over a billion dollars.
3 Aug 2008
According to data compiled by Hedge Fund Research, fresh inflows into Asia-focused
hedge funds fell by 50% to US$530m in the second quarter compared to the first quarter.
Capital invested in Asian hedge funds is now an estimated US$100.48 billion.
29 Jul 2008
Shin Kubo, previously at Russell Investments in Tokyo and London, has recently relocated
within the firm to Singapore where he will work on hedge fund manager research.
25 Jul 2008
According to the 2007 Singapore Asset Management Industry Survey, which has just been
released by the Monetary Authority of Singapore, the number of hedge fund and funds of
hedge fund managers in Singapore has increased by more than 50% to almost 300. Total
assets managed by these firms doubled to more than US$55 billion as of the end of 2007.
21 Jul 2008
Former Morgan Stanley analyst Rob Hart has resigned after 12 years to join alternative
asset manager Sansar Capital Management in Singapore.
18 Jul 2008
Highland Capital is about to establish an Asia-Pacific regional office in Singapore. The
office will be headed by Paul Adkins who will relocate from Dallas to Singapore.
16 Jul 2008
The June estimate for the Eurekahedge Asian Hedge Fund Index is -3.55% which brings the
YTD performance to -8.74%.
10 Jul 2008
New York-based US$20 billion alternative asset manager Angelo, Gordon & Co is believed
to be planning to open a Singapore office.
9 Jul 2008
Singapore’s Felix Sim has joined Dubai-based advisory firm Praesidium.
The International Monetary Fund's sovereign wealth fund working group has gathered in
Singapore today to discuss a code of ethics.
2 Jul 2008
Singapore-based US$400m+ Asian distressed debt hedge fund firm 3 Degrees Asset
Management, led by Moe Ibrahim, has hired Michael Gilmore as a managing principal. He
will oversee the firm's daily operations as well as serve on its investment committee and act
as a portfolio manager of the ADF Special Opportunities Fund. Michael is a former head of
Asian consumer and media research at UBS and Nomura. He has also headed Indonesian
research at UBS and DBS.
24 Jun 2008
Singapore Exchange has appointed Jeremy Ang Peng Leong as the new CEO of Singapore
Commodity Exchange.
13 Jun 2008
London and Geneva-based fund of hedge funds manager Caliburn Capital Partners last
month opened its first Asian office in Singapore.
11 Jun 2008
David Lau, former Joint Head of Global Financial Markets at the Development Bank of
Singapore has joined the US$7.3b New York-based Galleon Group to head its new
Singapore office as well as co-manage the US$1.2b Asia multi-strat Galleon Asia Macro
Fund. He is also President of the Financial Markets Association.
Singapore-based 3 Degrees Asset Management, a US$400m Asian distressed debt-
focused fund, is reportedly planning to opportunistically target Australian assets such as
companies struggling to refinance their loans. The fund may also target companies that
took in too much leverage and are at risk of default.
8 Jun 2008
Chrissy Choong has relocated from Hong Kong to Singapore to open Value Partners’ new
sales and marketing office in the Lion City.
7 Jun 2008
Fund of hedge funds giant RMF is understood to be considering expanding its Singapore-
based Asian investment team with one additional hedge fund analyst.
6 Jun 2008
Felix Sim, author of The New Alternative blog and a well-known face in the Singapore hedge
fund industry, is relocating to Dubai to take up a new hedge fund-related position. Felix has
previously worked for GCI Asset Management, Opes Prime Asset Management and Mizuho
Corporate Bank.
5 Jun 2008
Rebekah Pang has recently left KBC Alpha’s fund of hedge funds team in Singapore.
1 Jun 2008
AIMA Singapore has published a new handbook called “Guide to establishing an alternative
investment business in Singapore”. The guide covers regulatory, legal, operational,
employment, and commercial issues, as well as an overview of life in Singapore,
The second Singapore Hedge Funds Club networking evening is currently being planned to
take place in October. The first event in February saw almost 200 hedge fund professionals
and investors come together at the Tower Club at Raffles Place. JPMorgan has been
confirmed as one of the sponsors of the October event.
The Hedge Funds Club, which since 2006 has published Japan-related hedge fund news,
will now expand its website www.hedgefundsclub.com to also feature a new Singapore-
focused hedge fund news service.


