Dermot Butler explains the different strategies behind Custom House opening offices in Chicago and Singapore
In May 2005, Custom House opened its first representative office, in Chicago, and now, in January of this year, you have opened your second, in Singapore. So, why Chicago and why Singapore? Several years ago, we came to the fairly obvious conclusion that both the US and South East Asia offered exciting opportunities for a specialist hedge fund administrator such as Custom House, although, surprisingly, for different reasons. We chose Chicago firstly, because, although the US is the most mature hedge fund market in the world, many US hedge funds are still self-administered. We not only b...
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