Tuesday, January 31, 2023

Singapore spars with Dubai as funds look east


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Hedge funds have made notable expansions in Middle-Eastern finance hubs such as Dubai and Abu Dhabi this year. Offering a low tax environment, endless summer and a good trading timezone, their pitch is clear.

Further east, Singapore is making a similar play. After years of being outshone by Hong Kong as a hedge fund hub, the Lion City is drawing firms and talent, boosted by its domestic stability, low taxes — and turbulence elsewhere in Asia.

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