Morgan Stanley opens prime brokerage operation in Singapore

Morgan Stanley has added Singapore to Hong Kong and Tokyo operations as a centre of prime brokerage services in the booming Asain hedge fund market. According to industry analysts Eurekahedge, Asian hedge fund managers are now looking after $140 billion of assets, and Singapore and Hong Kong are competing fiercely to attract them.
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Morgan Stanley has added Singapore to Hong Kong and Tokyo operations as a centre of prime brokerage services in the booming Asain hedge fund market.

According to industry analysts Eurekahedge, Asian hedge fund managers are now looking after $140 billion of assets, and Singapore and Hong Kong are competing fiercely to attract them.

“With the growth evident in both Singapore-based start-up hedge funds, as well as with players entering the market from other countries, client proximity and on-the-ground support is clearly the right next step”, says Kurt Baker, head of Asian prime brokerage for Morgan Stanley.

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