The Monetary Authority of Singapore’s annual survey has found that its hedge fund industry was able to weather the storm of 2009, with assets under management holding firm. The 2009 Singapore Asset Management Industry Survey found that whilst y-o-y the number of fund managers fell from 350 to 320, AUM remained at $42 billion. The survey suggests that following the 2008 financial crisis many investors turned to Asia, with Singapore remaining a key investment hub. “The profiles of hedge fund managers and the strategies employed by them in Singapore remained highly varied,” says the survey. “This diversification has helped to sustain the industry during the difficult period.”