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Today New City Initiative is comprised of 43 leading independent asset management firms from the UK and the Continent, managing approximately £500 billion and employing several thousand people.

Displaying items for Nov 2019

A new fund structure emerges in Singapore

A new fund structure emerges in Singapore

As an international financial hub, Singapore is widely considered to be among one of the world’s leaders, but the country has yet to become a top-tier fund domicile.  Even though some domestic funds do domicile themselves in Singapore, the local market continues to be overshadowed by offshore centres such as the Cayman Islands, Luxembourg and Ireland. However, the Monetary Authority of Singapore (MAS), the country’s financial services regulator, is trying to change this with the launch of the Variable Capital Company (VCC).The VCC: Taking away some of the offshore pieThe majority of Singaporean funds have historically been structured as one…

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