Singapore should consider revamping the way its investment fund laws are structured‚ to permit different asset management industry sectors to offer more variety and thus cater to a brader range of clients‚ a new PwC white paper says.
Category: Fund news
Managers highly receptive to new fund framework
Asset managers in Singapore are highly receptive to plans for a new investment fund framework, with about 90% preferring an open-ended investment company structure, according to a PwC survey.
HK FSDC calls for flexible fund structures
The Financial Services Development Council of Hong Kong has published proposals to broaden the fund structures permitted in the territory, including open-ended investment companies, in a bid to attract more funds to domicile locally.
VAM funds to enter Hong Kong next year
VAM Funds has Hong Kong next in its sights, with the aim of entering this key Asian market during the course of next year.
Singapore’s Javelin acquires fund manager
Javelin Wealth Management, a Singapore advisory firm founded nine years ago by expat Briton Stephen Davies, is to acquire the fund management business of Binjai Hill Asset Management (BHAM), a local asset manager, as it looks to increase its service offering.
PWC proposes revamp of Singapore fund framework
Singapore should consider revamping the way its investment fund laws are structured, to permit different asset management industry sectors to offer more variety and thus cater to a broader range of clients, a new PwC white paper says.
Gottex fund in JV with Vstone asset management
Gottex Fund Management Holdings, an independent global alternative asset management group, has established a joint venture with Shanghai-based private manager VStone Asset Management.
City Financial unveils Asia macro fund plans
City Financial is to launch an Asian macro fund in the first quarter of 2014 to be managed by Geoffrey Barker in a joint venture with the group’s Hong Kong subsidiary.
Hurdles for funds to tap Asia Pacific growth
Though expansion into Asia-Pacific market is a top priority for asset managers, they face significant challenges in capitalising on the opportunities in this region.
Highly fragmented markets are creating complexity for regulatory compliance, product innovation and efficient scaling of operations, revealed a survey conducted by State Street.
Singapore Malaysia Thailand in fund offering pact
The Monetary Authority of Singapore, the Securities Commission of Malaysia, and Securities and Exchange Commission of Thailand have entered into an agreement to facilitate cross-border offering of collective investment schemes to retail investors in the three countries.
