MAS lauds local managers despite their dip in AUM
The Monetary Authority of Singapore says a 1.2% drop in assets among Singapore-based houses last year was not bad given the macro environment.
The Monetary Authority of Singapore has given locally domiciled asset managers a pat on the back, describing their 1.2% year-on-year dip in overall AUM for 2011 as “not bad” considering market volatility.
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