Forbes – Assets managed by hedge funds in Asia are expected to double in size over the next three years from 130 bln usd currently based on market estimates, BNP Paribasregional head for Southeast Asia and India Jean Pierre Bernard said.
Bernard said BNP expects hedge funds in Asia growing at an annual rate of 35 pct in the next three years, pouring in more liquidity into the financial market.
BNP Paribas has spearheaded the establishment of a 1.4 mln sgd Hedge Fund Centre here with the Singapore Management University, in collaboration with the London BusinessSchool, in a bid to help shake off the negative reputation of hedge funds in the region.
The center is expected to provide education and research into the hedge fund industry.
‘We don’t think they are detrimental to the market. They add liquidity to the market, provided they are regulated in a proper way, which is the case in Singapore,’ Bernardsaid.
