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Lees’ hedge fund hotel plots Asia push

FN – The company, which incubates small hedge funds and brokers, has benefited over the past two years as the top-tier investment banks have trimmed their smaller, less profitable clients.

Lees, who built the execution business of French brokerage Cheuvreux, said: “We’ve started talking to a number of people about setting up the same infrastructure in Singapore. The regulators in Singapore are very keen to attract external investors and operators on a more systematic basis than in Hong Kong. Singapore also has a lot of smaller hedge funds and a lot are coming over from Switzerland.”

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