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MAS lauds local managers despite their dip in AUM

Leigh Powell
The Monetary Authority of Singapore says a 1.2% drop in assets among Singapore-based houses last year was not bad given the macro environment.
MAS lauds local managers despite their dip in AUM

The Monetary Authority of Singapore has given locally domiciled asset managers a pat on the back, describing their 1.2% year-on-year dip in overall AUM for 2011 as “not bad” considering market volatility.

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