Friday, 26 December 2014
Last updated 2 days 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.”
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.