Bloomberg – UBS AG, the largest Swiss bank, has been approached by about 50 potential hedge-fund startups in the Asia-Pacific region as the industry recovers from record losses in 2008.

“We are tracking 50 different groups across Asia-Pacific who are talking to us about starting up,” said David Gray, UBS’s head of prime services in the region.

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Tags: fund startups, hedge fund, prime services

Hong Kong Standard – Hong Kong remains the largest hedge fund center in Asia, with managers in the city overseeing US$22 billion (HK$171.6 billion) in assets as of December 2008, the Alternative Investment Management Association Hong Kong said.

The city had 245 hedge fund managers by December, versus 150 in Singapore and 145 in Australia. There were 30 hedge fund startups in Hong Kong in 2008, raising the most assets for Asian hedge fund managers with US$1.6 billion, the London-based AIMA said yesterday, citng AsiaHedge data. Singapore came second with US$638

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Tags: aima, alternative-investment-management-association, asia, assets, australia, fund startups, hedge fund center, hedge-fund-managers, hk, hong kong, investment management association, london, singapore