New Light-Touch Singapore Regs. Attract New Hedge Funds

Aug 2 2010 | 1:14pm ET

Singapore last year launched a review of its hedge fund regulations with an eye towards attracting more of the Asian industry to its shores. So far, the plan is working.

Seven hedge funds opened their doors in the city-state in May and June, Bloomberg News report. The boomlet in a country that boasts only 230 hedge fund managers comes after the Monetary Authority of Singapore decided in April to exempt hedge funds with less than S$250 million in assets and 30 clients from a licensing requirement. The measure was designed to ease the burden on start-up hedge fund managers.

The Singapore MAS made the move amid fears that its regulation review—and its attendant uncertainty—was scaring off new hedge funds. The number of funds debuting in Singapore last year fell by half to just 13, the smallest number to open in the country in six years.

Instead of obtaining a license, as Singaporean mutual fund managers must, smaller hedge funds must now only submit a notification to the country’s central bank. They are still required to have at least two directors and have base capital of at least S$250,000.


In Depth

'Smart Beta' Funds In Regulators' Sights, Hedgies May Be Next

Mar 26 2015 | 11:11am ET

Funds that mimic strategies used by active managers for a fraction of the cost could...

Lifestyle

Study: Both Marriage and Divorce Lead to Negative Hedge Fund Performance

Mar 25 2015 | 6:51pm ET

Trouble at home leads to trouble in the market for fund managers, according to researchers...

Guest Contributor

Concerned About Your HFT Exposure? Hedge It!

Mar 26 2015 | 1:06pm ET

High-frequency trading has been a persistent storyline for several years. The trading...

 

Sponsored Content

    Mar 9 2015 | 6:35am ET

    Kelly RodriquesKelly RodriquesAs more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…

Editor's Note