Hedge Funds heads East : $3,000,000,000,000 ( $3 trillion) by 2013

Hedge Funds heads East : $3,000,000,000,000 ( $3 trillion) by 2013. Singapore wants to be the home of it. At least be the Business Center for Hedge Funds, providing, banking & IT support services. Which could mean also a tax & regulatory haven for Global companies & Funds.

Asia thru trade surplus and savings has pooled a sizable reservoir of monies over the 2 decades. According to some report, 80% Total bank deposits in China belongs to 20% of the depositors base making any movement even easier as the decision making is in the hands of the few.

Hedge Funds are taps of this Reservoir of Monies.

http://www.ctpost.com/news/article/Deutsche-Bank-sees-five-Asia-billion-dollar-hedge-1399648.php

"It reflects the macro-economic situation that has developed globally," Bausano said Thursday. "We definitely see an increasing movement of activities East. There's demand for really high-quality groups that can run capital in sophisticated hedge-fund strategies that are capable of giving the types of risk-adjusted returns their end investors are demanding."

Global hedge fund assets may hit $3 trillion by the end of 2013, Bausano said. Hedge Fund Research Inc. estimated the assets at a record $2.02 trillion by March this year.

Pension plans in developed countries, sovereign wealth funds and endowments are looking for higher returns than those offered by passive investments such as exchange-traded funds to bankroll expected liabilities as their populations age, he added.

"If your asset-liability mismatch is growing because of demographics, you need to ensure that part of your portfolio incorporates higher-yielding assets, like hedge funds, to close the gap," he said.