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"Many of the bigger funds wouldn’t get out of bed if they can’t put $30 million to $50 million to work, but we’re happy putting $5 million to $25 million to work" Suresh Withana, Harmony Capital Partners |
Harmony Capital Partners is about to join an increasing number of hedge funds moving from the financial district to historic Telok Ayer Street in the heart of Singapore’s conservation area. It’s Singapore’s Mayfair or Greenwich, and the moves indicate just how strongly established the hedge fund community is becoming in Singapore’s financial industry. There are estimated to be 80 hedge funds on the island.
Suresh Withana moved to Singapore from London to launch the fund in 2005, with partner John Nicholls, an Asian turnaround management specialist with more than 30 years’ experience. Withana had been a principal at...
