Singapore’s Hedge Fund Assets Rise at Slowest in Three Years
- Assets under management rose 11% to $87 billion in 2015
- Total assets managed in Singapore climb to $1.8 trillion
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Singapore’s hedge fund assets grew at the slowest pace in three years in 2015 as returns shrank and investors redeemed money.
Assets under management by Singapore hedge funds rose 11 percent to S$119 billion ($87 billion) last year, according to the “2015 Singapore Asset Management Survey” published Thursday by the Monetary Authority of Singapore. That’s down from the 21 percent growth recorded in each of the previous two years.