Watchman Alfrescian Loyal Joined Mar 12, 2009 Messages 13,160 Points 0 Apr 25, 2010 #1 Singapore to Review Fund Regulations Hedge Funds April 22, 2010, 7:06 am Singapore is launching a formal review of its rapidly growing fund management industry, including hedge funds and private equity firms, as the country seeks to ensure a strong regulatory framework for investors, according to press reports. The Monetary Authority of Singapore announced Wednesday that it would begin a public consultation within two weeks on proposals “to enhance our regulatory regime to ensure that it remains sound and responsive,” The Financial Times reported. As part of the review, the M.A.S. will conduct “a re-examination of how we regulate investment managers (including alternative fund managers) and the way in which they interact with their investors and other stakeholders,” the newspaper quoted the regulator as saying in a statement. “They’re aware of the need to find the right balance,” Melvyn Teo, a director at the BNP Paribas Hedge Fund Centre at Singapore Management University, told Bloomberg News. “It will make Singapore less appealing to really small, young hedge funds, but the industry is maturing at the moment. We might still be quite attractive to more established larger ones.”
Singapore to Review Fund Regulations Hedge Funds April 22, 2010, 7:06 am Singapore is launching a formal review of its rapidly growing fund management industry, including hedge funds and private equity firms, as the country seeks to ensure a strong regulatory framework for investors, according to press reports. The Monetary Authority of Singapore announced Wednesday that it would begin a public consultation within two weeks on proposals “to enhance our regulatory regime to ensure that it remains sound and responsive,” The Financial Times reported. As part of the review, the M.A.S. will conduct “a re-examination of how we regulate investment managers (including alternative fund managers) and the way in which they interact with their investors and other stakeholders,” the newspaper quoted the regulator as saying in a statement. “They’re aware of the need to find the right balance,” Melvyn Teo, a director at the BNP Paribas Hedge Fund Centre at Singapore Management University, told Bloomberg News. “It will make Singapore less appealing to really small, young hedge funds, but the industry is maturing at the moment. We might still be quite attractive to more established larger ones.”
O Orion Alfrescian Loyal Joined Apr 2, 2010 Messages 348 Points 0 Apr 25, 2010 #2 What a big joke. MAS should start with Temesek and GiC first for making such a huge losses ever in the history of Singapore since they controlled the biggest hedge fund.
What a big joke. MAS should start with Temesek and GiC first for making such a huge losses ever in the history of Singapore since they controlled the biggest hedge fund.
