What role do hedge funds play in your vision to develop Singapore as a regional financial hub
Ng We've always taken the position that we welcome hedge fund or alternative players to come to Singapore. However, in terms of promoting or regulating them, we don't differentiate hedge funds from the rest of the asset management industry.
Rather, we see them as part and parcel of it. We want to see a diverse fund management industry develop in Singapore. Hedge funds are important for this diversity as they pursue alternative strategies. They use sophisticated products and are usually not benchmark based.
How large is Singapore's hedge fund industry...