Close Close
Sign In
Newsletters
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
Podcast Center Video Center Webcasts Resource Center Events
About ThinkAdvisor Contact Us Advertise With Us Asset & Logo Licensing Sitemap Terms of Service Privacy Policy Copyright © 2024 ALM Global, LLC. All Rights Reserved.
ThinkAdvisor

Portfolio > Alternative Investments > Hedge Funds

Monetary Authority of Singapore Revised its Guidel

By Staff Writer

X
Your article was successfully shared with the contacts you provided.

SINGAPORE (HedgeWorld.com)–The Monetary Authority of Singapore revised its guidelines for retail hedge funds, using previously proposed changes.

MAS changed the rules largely following the suggestions offered earlier in the year, dropping the minimum for hedge funds of funds to S$20,000 (US$11,273) and to no minimum for capital protected and capital guaranteed hedge funds. Previous HedgeWorld Story The minimum for single hedge funds remains at S$100,000.

The changes were made in recognition of the benefits to diversification and to third-party guarantees and principal protection, according to an MAS statement.

Earlier this year, ABN AMRO filed to sell one of the first retail hedge funds in Singapore, though with the previously higher minimums of S$100,000.

[email protected]

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.