Asia is expected to remain a hot spot for hedge funds in the next few years despite concerns over managing growth and retaining talent, a study said on Wednesday. Singapore will likely keep on serving as a base for these funds that seek big returns for private investors through higher risk strategies, especially in South-East Asia and India, said the study by accounting and financial services giant Ernst & Young (E&Y). 'We're very positive about the environment in the Asia-Pacific,' The Straits Times quoted David Sung, E&Y's Far East area head, as saying. 'More of our clients from North America and Europe are setting up shop in Asia.' The global study involved managers representing 900 million US dollars in funds, nearly 55 per cent of the industry.   more »