Hey marina, I am not sure to what degree you are referring to when you say "does not exist". Take this hedge fund for example. Arisaig Partners (http://www.arisaig-partners.com/). They originated in Singapore and the last time I checked, their AUM is 2 billion. Essentially, they are the largest hedge fund in Singapore.
So yup, compared to the 20bn and 30bn hedge funds in the US, the ones in Singapore are definitely much much smaller. Relative to my original post, I am less concern with the size of the hedge fund. For all that I've seen, my offer is at a hedge fund. It a question of, like what alain said, take a job in Singapore or take a flier in NY.
I just wanted to let you know that after much consideration, I decided to take the job at this hedge fund in Singapore. While it is not New York, I feel very good about this. Given that this will be my first full-time job, I couldn't have asked for a better opportunity than this - a place with great people, good technology and great talent.
Major in Computer Science and Mathematics. Prominent classes include algorithms, operating systems (includes multithreading), numerical analysis and stochastic calculus. I didn't have economics classes. That came through reading.