Singapore Stock Exchange Proposes Listing Hedge Funds

Ian Allison

16 March 2006

The Singapore Stock Exchange has tabled a framework for the listing of hedge funds, as the asset class has grown in Asia. The exchange said it will reach a finalised proposal after consultation ends on 28 March. The Singapore exchange has set out certain listing requirements, such as allowing hedge funds to offer units to institutions and accredited investors only. The minimum asset size of a listed hedge fund will be S$12 million . Singapore would be competing with exchanges in Dublin and Luxembourg, which opened their doors to investment funds at the end of the 1980s. The SGX will add an additional level of due diligence to hedge funds listed, according to the SGX. Listing hedge funds on the SGX is also expected to increase the amount of those funds starting up in the region.