Thursday, 26 November 2015
Last updated 1 day ago
Apr 28 2010 | 8:01am ET
Singapore’s biggest hedge fund managers will have to register under new proposals to amend its fund-management regulations.
Firms managing more than S$250 million would be required to seek a capital-markets services license from the Monetary Authority of Singapore. Currently, hedge funds that manage money on behalf of 30 or fewer clients are exempted from registering with the regulator.
The MAS plans to offer two types of licenses to hedge funds: One would cover those serving accredited investors, and the other for those serving retail investors. It also plans to promulgate new rules for the former type of hedge fund manager as part of the first overhaul of the city-state’s fund management rules. Those rules were loosened eight years ago to attract hedge funds and private equity firms.
Hedge fund firms that manage S$250 million or less for 30 or fewer clients will still be exempted from the licensing rules.
In a statement, the MAS said it “remains committed to building Singapore as a fund management and alternative investment hub.”
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…