Laven Partners, the alternative investment consultant, has gained four Asian clients for structuring and regulatory compliance services, its first in the region.

The clients, all Asian hedge fund managers, are being serviced from Laven’s new office in Singapore, where it shares resources with local firm GFIA Pte, a hedge fund consultancy focusing on Asian and emerging markets.

Laven Partners will provide its Asian clients with ongoing compliance services, including compliance systems reviews, preparation and review of compliance manuals and operational/risk management procedures and assessments on operations. Laven Partners will also set up the fund structures and operations of new managers based in Singapore.

“We have been long considering entering the Asian hedge fund industry and it’s great to see this level of success in such a short span of time," said Jerome Lussan, chief executive of Laven Partners. " We see ample opportunity here, especially in Singapore where requirements for locally based managers will become more stringent with upcoming changes to the local and global regulatory regime.”

The Monetary Authority of Singapore is currently implementing a number of changes to the regulatory regime in Singapore, including new requirements for fund management companies to have two Singapore based principals, the implementation of risk management functions and the requirement for filing annual audited statements with the MAS.

These changes are likely to be implemented by the second quarter of 2012.