Singapore approval for Platinum funds

London based group receives approval for two hedge funds in Singapore.

Platinum Capital Management, the international financial investment group has announced that two funds - Platinum Washington and Platinum Capital Protected Income Plus, Class A - have been approved by the Monetary Authority of Singapore for investment by sophisticated investors, as defined by the MAS guidelines, in Singapore.

Platinum Washington and Class A will be distributed by major Singapore and foreign banks, a number of IFAs and at least two of the largest Singaporean stockbrokers, including Fraser Securities. Platinum expects to raise $50 million or more in Singapore.

Craig Reeves, managing director, Platinum Capital Management says, Arranging representation of Platinum and distribution of Platinum Funds in Singapore and other parts of...

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