Singapore's Strong Dollar Attracts Tano Capital

Apr 29 2011 | 2:25pm ET

Singapore’s strong currency has inspired California-based Tano Capital to open an office in the Southeast Asian city-state.

Tano, the family office of the founders of Franklin Templeton Investments, will change the jurisdiction of the Tano Global Hard Assets Fund to Singapore from Delaware, spokesman Charles E. Johnson told Bloomberg.

The fund will be denominated in Singapore dollars starting next month. The Singapore currency has risen 11% in the past 12 months, making it the best performer in Asia ex Japan.

“The Singapore dollar is a much more sensibly managed currency than a lot of other currencies; we would love to give our investor base, which is global, that opportunity,” said Johnson. “The currency will remain one of the stronger ones globally.”

In April, Singapore’s Monetary Authority said it would allow the currency to make further gains, as it tightened monetary policy for the third time in a year. Singapore controls the currency through its exchange rate, rather than interest rates.

 


In Depth

PAAMCO: Will Inflation Deflate the Asset Bubble?

Jan 30 2018 | 9:49pm ET

As the U.S. shifts from monetary stimulus to fiscal stimulus, market pricing should...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Boost Hedge Fund Marketing ROI By Raising Your ROO

Feb 14 2018 | 9:57pm ET

Tasked with delivering returns on client capital, a common dilemma for many alternative...

 

FINalternatives Trending

From the current issue of