Hedge Fund Assets in Singapore Grew at Slowest Pace in Three Years
Assets under management by Singapore hedge funds grew by 11% to S$119 billion last year, according to the “2015 Singapore Asset Management Survey” by Monetary Authority of Singapore. That was down from a 21% growth in the previous two years.
Investors withdrew their money as a decline in China’s stock market muted Asian hedge funds returns.
News Source: Bloomberg
About Monetary Authority of Singapore
Monetary Authority of Singapore (MAS) is Singapore’s central bank, which was formed back on 1 January 1971. It promotes sustained, non-inflationary economic growth through appropriate monetary policy formulation and close macroeconomic surveillance of emerging trends and potential vulnerabilities. MAS manages Singapore’s exchange rate, foreign reserves and liquidity in the banking sector. It is also an integrated supervisor overseeing all financial institutions in Singapore — banks, insurers, capital market intermediaries, financial advisors, and the stock exchange.
- Origin : Singapore
- Assets : USD 385.12 billion
- Revenue : USD 1.89 billion
Official Website: www.mas.gov.sg
News & Media: Press Release
Updated on 8th August 2016