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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