Thursday, 2 October 2014
Last updated 1 hour ago
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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...