Monday, June 11, 2007

Hong Kong to simplify licensing of hedge funds

(Reuters) - Hong Kong's Securities and Futures Commission said the
changes include speeding up the licensing process for some U.S.
and UK-registered hedge fund managers, and exempting some staff
at hedge funds from having to take exams.




Hong Kong is home to more hedge fund assets than any other
Asian city. But a growing number of hedge fund managers are
choosing to set up in Singapore, where authorities have sought
to attract the industry with accommodative regulation.


Read more at Reuters.com Government Filings News

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