The regulatory landscape for hedge funds in Asia is expected to be "quite different from the past", with growing calls for moves on transparency and regulation set to impact the industry, according to Ng Nam Sin, executive director of Financial Centre Development at the Monetary Authority of Singapore. Even though hedge funds had held up reasonably well during the financial crisis, and had been cleared of causing the crisis, the crisis had "most certainly brought to the fore the significance of hedge fund activities in the markets, and the associated risks," he noted.
As a consequence, the regulator in Singapore was monitoring global market developments and initiatives, he noted, and would fine-tune its regulatory approach "as appropriate". His comments, delivered at a recent symposium on the future of hedge funds in Singapore, come at a time of widespread market speculation that the MAS will tighten its regulatory regime for hedge funds by issuing draft guidelines on hedge fund supervision
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