Newly-issued guidelines by the Monetary Authority of Singapore MAS governing offerings of hedge funds to the public will have little or no effect on broadening investment choices for the retail market says a consultant in the asset management industry.
Hedge fund managers have no interest in the retail market, says Peter Douglas, principal at asset management consultancy GFIA, based in Singapore. Hedge funds are typically small business which do not have the infrastructure suitable to support retail investors, he observes. Furthermore, retail customers typically offer smaller fees for the smaller transactions. Therefore, the impact of new guidelines included as an appendix in the Handbook on Unit Trusts, will be minimal to...
