The central bank will invest with global private credit fund managers, marking the extension of the Private Markets Programme (PMP) to the asset class for the first time.
Managing director Ravi Menon also reiterated its stance on cryptocurrencies’ speculative nature and their risks to retail investors.
AsianInvestor launches its new weekly column titled 'This week in asset owner history', which looks back at past events and how they have unfolded today.
T Rowe Price hires head of intermediary for Asia from Eastspring; Single family offices seek co-investment partners in Asia Pacific; What Hong Kong’s asset management industry wants from John Lee; Singapore’s MAS posts $5.3 billion loss; Ontario Teachers’ active investing made a $36 billion difference
Investment gains were S$4 billion, down from S$22.8 billion last FY, and a strengthening Singapore Dollar resulted in a negative foreign exchange translation of S$8.7 billion.
ESGpedia, developed by fintech firm Hashtacs (Stacs), is the world’s first government-backed blockchain-based ESG registry that tracks data of this scale across industries.
Experts say the new rules will raise the bar for performance and professionalism in Singapore’s family office industry and attract interest from China, Hong Kong, India, and Indonesia.
Indonesia's new sovereign wealth fund to invest $2.72 billion in toll roads; Singapore's MAS tightens tax criteria for family offices; Harvard University's endowment among risk-averse US institutional investors looking to reduce commitments in China; and more.
Singapore sovereign wealth fund GIC is leading a $240 million Series D funding round for open source technology company Grafana Labs; South Korea’s Yellow Umbrella Mutual Aid Fund is seeking managers for a $328 million real estate mandate; Hong Kong's Mandatory Provident Fund (MPF) posted HK$76.2 billion loss in the first quarter of 2022, and more.
The Monetary Authority of Singapore’s recent move to tighten monetary policy will lower the impact of higher imported inflation and strengthen the local currency, experts said.
Hong Kong's Exchange Fund posted a third-quarter investment loss after five quarters of gains; the Monetary Authority of Singapore said it would raise the slope of its currency policy band up from its current 0%; the Korea Investment Corporation surpasses $20 billion in AUM for the first time; RB Family Office to buy 12 four-storey conservation shophouses in Singapore; and more.
MAS names sustainability head; Malaysia’s EPF appoints COO and CFO; GIC PE head for SEA leaves; State Super hires new exec; Hesta appoints chief growth officer, chief Debby Blakey appointed to corporate governance board; ex-BlackRock exec joins IQ-EQ in Singapore; HSBC AM builds direct real estate team; ex-Vanguard head of distribution joins LGIM; Sanne names Singapore head; and more