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Cities in Asia play key roles in hedge fund club

Hong Kong and Singapore have doubled in size as centres for the world’s biggest hedge funds over the past 12 months – at the expense of London and New York.

According to data due to be released today, the Asian cities are home to 18 hedge funds managing more than $1bn – an industry benchmark for success – compared with just 10 a year ago.

London is home to 63 managers running assets of more than $1bn, while New York remains the hedge fund industry’s leading centre, with 128. However, the two cities have continued to see their share of hedge fund assets slide.

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