Singapore Markets Brace for Regional Recovery as MAS Sweetens Asset Management Deal

Singapore's asset management industry is getting a major policy upgrade — the Monetary Authority of Singapore (MAS) announced a new foreign work pass track and tax exemptions designed to attract global hedge funds and anchor the city-state's position as Asia's wealth management hub.

Money Moves

• MAS unveils hedge fund investment programme — A new track will allow asset managers to bring in talent more easily, with tax exemptions for qualifying funds...