Here are some of the top quotes from speakers attending the Reuters Hedge Funds and Private Equity Summit;

CHAN CHIA LIN, CHIEF INVESTMENT OFFICER, FULLERTON ASSET MANAGEMENT

"The recent turmoil in the financial markets has really illustrated the benefits of investing in fund of funds. They are very good source of consistent returns and sort of low market volatility.

RICHARD FAN, PARTNER AT UG INVESTMENT ADVISERS

"China is in an extremely bear market that is going down and there's no end in sight... Taiwan I believe is at the beginning of a major bull market right now."

ROBERT APPLEBY, CHIEF INVESTMENT OFFICER, ADM CAPITAL:

"Today is one of the most spectacular opportunities for distressed investing that we have seen in Asia.

"China is the home of the largest pool of non performing loans in the world today and Australia is the newest big opportunity."

"Chinese property developers, in some cases due to no fault of their own are faced with challenges. But there is more trouble to come and I wouldn't be diving in to buy Chinese property companies even at these levels."

"A combination of carrot and stick has led to a wealth of non performing loans being sold by domestic banking institutions in Asia. The medicine has worked."



DEAN VAN DRASEK, EXECUTIVE DIRECTOR, LIM ADVISORS

"You're just waiting for somebody to get a margin call, or somebody to get redemptions, and then they become a forced seller and that drives the price down. So why pick it up now if you think that there are these players with weak hands?"

JAMIE PATON, ASIA HEAD OF CANDOVER

"Can you a find high-quality, sizable business like that in China or India to support making acquisitions both domestically and internationally?" asked Candover's Asia head Jamie Paton, referring to Indian automaker Tata Motors

"That's the kind of place where Candover will go hunting for opportunities, not someone living off a low-cost manufacturing base."

"The amount of work required around the services involved, as China and India develop its own oil and gas industries, is huge,"

NICK BLOY, CO-FOUNDER OF NAVIS CAPITAL PARTNERS

"Where a government in Asia is regulating, they're effectively distorting value and allocating value... If there is allocation of value going on, we don't think it will go to the foreign investor, we think it will go to the national champion or worse, the brother of the prime minister."

FRANKE HOLLE, DIRECTOR AND CO-FOUNDER QUANT ASSET MANAGEMENT

"We've had a very big overweighting up to three months in Asia, and now, that's not the case any more. Asia has become more expensive and has less earnings growth compared to a while ago," he said, pointing to India as a key example.

"The developed markets have become much cheaper than the emerging markets," he added, citing the U.S., UK and Japan as attractive spots.

MASANO YOSHITAKE, MANAGING DIRECTOR, PRIVEE INVESTMENT ASIA.

"Our strategy is to build up significant stakes in those companies, 30, 35, sometimes 50 percent."

"The investment return on individual stocks could be 100 percent or more. Our target return on the portfolio would be 20 to 25 percent per annum,

JOHN KNOX, CO-FOUNDER AND DIRECTOR, KGR CAPITAL

"We like managers who have a little bit of scar tissue"

CHRISTOPHE LEE, CHIEF EXECUTIVE, SHK FUND MANAGEMENT

"With the market downturn, it's becoming easier to hire people again. Probably the biggest bottleneck to growth generally in the financial services industry last year ... was getting the people," he said. "If there is a silver lining to this episode, it's that."

"I would like to describe diversified fund of hedge funds as the fixed-income substitute. What the fund of hedge funds do is offer LIBOR + five percentage to seven percent returns, slightly higher than bond market volatility."

JULIAN INGS-CHAMBERS, A MANAGING DIRECTOR AT ARTRADIS FUND MANAGEMENT.

"What it (the Fed) hasn't done is to remove the core problem of what is unsettling markets at the moment, which is the de-leveraging process that over the last six months has been extremely painful."

"I expect markets to have moments of extreme concerns again later this year." (Editing by Lincoln Feast) (For summit blog: here) (Reporting by the Singapore and Hong Kong bureaus)