Singapore fund managers tipped for consolidation under streamlined rules

Changes to fund management industry rules in Singapore seem likely to trigger a period of consolidation, experts told AsianInvestor. While the new -- and more streamlined -- regime is not expected to be excessively challenging, there will be added costs and capital requirements, which could prompt some smaller entities to leave or merge, according to industry experts. “We expect additional costs to be borne by transitioning managers as a result of the more burdensome Accredited …