The Monetary Authority of Singapore is reportedly considering releasing a new round of investment mandates to external fund managers, according to market participants. The MAS did not respond to inquiries seeking comment.
The MAS and the Government Investment Corporation GIC have together outsourced S$37 billion $22 billion since 1998 to global fund management companies as well as local players and boutiques. Some of this money has been for core investment portfolios, but a lot of it has been earmarked 'developmental' to establish Singapore as a regional hub for investment management.
Although this programme has been a success, nonetheless there has been a slow leakage. Some fund houses,...
