Total assets managed by fund managers in Singapore rose 40% to $1.21 trillion last year, above the pre-crisis peak of $1.17 trillion in 2007, the central bank said on Friday.
Posts Tagged ‘fund managers in singapore’
‘Double-dip’ risk for global economy remains: Tharman
September 9th, 2009 |
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Singapore’s economy should remain prepared for the risk of a “double-dip” in the world economy in 2010, its finance minister said today.
“(We) have to be prepared for the possibility of a sluggish world economy or even a double-dip in 2010,” Tharman Shanmugaratnam said in a speech to mark the Singapore Exchange’s (SGXL.SI) 10th anniversary.
He also said that assets of 20 largest fund managers in Singapore grew 23% in the first half of 2009.
Overall assets for the asset management industry declined by 26% to $864 billion in 2008 from a year earlier, he said.
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