Swiss Asia Adds 17 Hedge Funds as Assets Reach S$2.5 Billion
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Swiss-Asia Financial Services Pte is on track to more than double the number of funds on its platforms this year as tighter regulation in Singapore makes it more expensive for fund startups to set up on their own.
The platform operator is adding 17 hedge funds and one private-equity fund, bringing the total to 34 from 16 at the end of 2014, Chief Executive Officer Olivier Mivelaz said in an interview on July 17. The firm’s assets under management, which include accounts managed by independent wealth managers, are expected to gain to S$2.5 billion ($1.8 billion) from S$1.5 billion at the end of 2014.