Singapore fund managers' assets hit $2.6 tril in 2015: MAS survey

SINGAPORE (Oct 5): Fund managers in Singapore saw a 9% increase in assets under management to $2.6 trillion in 2015, buoyed by growth in the alternative asset sector, the city-state's central bank said on Wednesday.

Assets under management (AUM) at alternative asset managers grew 29% to $410 billion, while traditional asset managers saw their AUM increase by a more modest 4%, the central bank said.

“These trends illustrate the crossroads facing the asset management industry: Interest rates, which have been low for several years, look likely to remain lower for longer," the Monetary Authority of Singapore (MAS) said in its annual survey of asset managers.

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