The US bank has brought in a dedicated resource to provide operational support to what it puts at three-dozen hedge funds – and counting – that are running credit strategies in Asia.
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They eagerly await regulatory approval for the first fund admin outsourcing deal, while some see the opening of local custodian business to foreign banks as imminent.
They say the Singapore Exchange’s closing-price mechanism for ETFs can lead to portfolio mispricing, with the issue exacerbated by inactive secondary-market trading.
